Force Placed Insurance Lawsuits Mounting

Last Updated on June 26, 2017

Important Information

Attorneys working with are no longer investigating this matter. The information here is for reference only. A list of open investigations and lawsuits can be viewed here.

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At A Glance

This Alert Affects
Consumers forced or coerced by their bank, lender, or mortgage company into purchasing or maintaining an excessive insurance policy.
M&T Bank, Fifth Third, Dovenmuhle, Provident Funding, Flagstar and Capital One
Additional Details
When a borrower has no insurance, or when coverage lapses, the lender is permitted to purchase insurance on their behalf – also known as "force placing." It has been alleged that certain financial institutions are abusing their authority when they force place insurance on their customers, who are forced to pay for the high costs of unnecessary or excessive coverage.