(EMAILWIRE.COM, October 21, 2011 ) New York, NY The forced placed flood insurance attorneys working with Class Action.org are available to review claims from homeowners who suspect they were coerced or forced into purchasing an excessive flood insurance policy. Allegedly, some mortgage companies have been force placing excessive and possibly unnecessary flood policies on borrowers, many of whom already had adequate coverage. Consumers who believe they were forced or coerced into purchasing an excessive or unnecessary flood insurance policy for their property may have legal recourse to seek compensation for the high costs of this coverage. To find out more about the potential legal rights available to these individuals and to receive a free, no obligation case review, visit http://www.classaction.org/forced-placed-flood-insurance.html today.
When a borrower has been subjected to unfair business practices in regard to the forced placed flood insurance, they may have a claim to seek financial compensation. Specifically, legal recourse may be available to property owners who were forced or coerced into purchasing costly flood insurance coverage which exceeds federal requirements; buying a second policy even though they already had adequate coverage through a condominium association or otherwise; or purchasing or maintaining flood coverage in excess of the terms outlined in their mortgage agreements. According to allegations, certain banks and mortgage companies which unfairly forced-placed a flood insurance policy on borrowers received kickbacks or commissions for these purchases.
Several forced placed flood insurance lawsuits have already been filed on behalf of homeowners alleging that they had to pay the high costs of an excessive, second or unnecessary policy. Consumers who suspect they have been subjected to similar practices in regard to forced placed flood insurance policies may also have legal recourse. To learn more about flood insurance lawsuits, visit Class Action.org today.
About Class Action.org
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
Tara Nagel
800-449-1970
pressrelease@lawyercentral.com
Source: EmailWire.Com
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