Coerced into Buying Excessive Flood Coverage?
Wachovia Forced Placed Flood Insurance
Wachovia Mortgage Holders: You may have legal recourse to seek financial compensation if you were forced or coerced into buying an excessive flood insurance policy. Class Action.org is investigating claims that certain banks have been forcing loan holders to buy or maintain flood coverage that is overly expensive, unnecessary, or otherwise excessive. While Wachovia has not been named among the establishments engaging in these questionable practices, many consumers who have taken a mortgage loan out from other banks have complained that they were forced into paying the high costs of an unnecessary, second or excessive flood insurance policy.
If Wachovia or any other bank forced you into purchasing or maintaining an overly expensive, second or excessive flood insurance policy, complete our free case review form today for a no cost evaluation of your claim. You may be able to seek financial compensation for the high premiums paid out for this coverage.
Forced Placed Flood Insurance Lawsuits
Potentially, a mortgage holder may be able to participate in a forced placed flood insurance lawsuit if they had to buy or maintain:
- More flood coverage than what was required under their mortgage agreements
- A second flood insurance policy after an acceptable policy was refused
- A second flood insurance policy even though they were already covered by a condominium association or otherwise
- A flood insurance policy which exceeded federal requirements
In some instances, it has been reported that banks who forced placed valueless flood insurance on mortgage holders received commissions for these purchases, the cost of which was deducted from the borrower's home equity account, added to their mortgage balance or otherwise expensed to the loan holder.
Complaints: Forced Placed Flood Coverage
If your bank or mortgage company unnecessarily forced placed flood insurance policy on your home or condo, you may have legal recourse to seek financial compensation. To learn more about the legal rights which may be available to you, fill out our free case evaluation form today. Our forced placed flood insurance lawsuit lawyers are offering this online consultation at no cost or obligation and remain committed to protecting the rights of property owners who had their consumer rights violated.
Forced Placed Flood Insurance Articles and Resources
- Wells Fargo Excess Flood Insurance
- Bank of America Flood Insurance Lawsuit
- JP Morgan Chase Insurance Complaints
- Flagstar Bank Forced Placed Flood Insurance
- GMAC Mortgage Flood Insurance Lawsuit
- Countrywide Forced Flood Insurance
- Washington Mutual Forced Placed Flood Coverage
- Ameriquest and Argent Forced Flood Coverage
- National City Corporation Forced Flood Insurance
- Citigroup Flood Insurance: Forced Placed Coverage
- HSBC Flood Coverage: Forced Placed Insurance
- Option One Mortgage Forced Flood Coverage
- New Century Mortgage Forced Placed Flood Coverage
- American Home Mortgage Forced Flood Insurance
- IndyMac Flood Insurance: Forced Placed Coverage
- ABN AMRO Forced Placed Flood Insurance Policies
- Fremont Investment and Loan Forced Flood Coverage
- Suntrust Bank Forced Placed Flood Insurance
- First Horizon Forced Placed Flood Coverage
- Additional Companies for Forced Placed Flood Insurance