At A Glance
- This Alert Affects
- Property owners who were forced or coerced into buying excessive flood insurance by their mortgage company or bank.
- M&T Bank, Fifth Third, Dovenmuhle, Provident Funding, Flagstar and Capital One
- Additional Details
- Most residences in Special Flood Hazard Areas are already insured by flood insurance policies. If a bank or mortgage company forces a property owner to buy an additional insurance policy, the consumer is paying for a second policy which is valueless to the consumer, as the National Flood Insurance Program ("NFIP") will not pay twice for an insurable loss.
- Type of Lawsuit
- Class Action