Flood Insurance Force Placed By Your Lender?

December 4, 2013

Important Information

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At A Glance

This Alert Affects
Property owners who were forced or coerced into buying excessive flood insurance by their mortgage company or bank.
Company(ies)
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