(LegalLaw247.com, March 22, 2012 ) New York, NY The forced placed flood insurance attorneys working with Class Action.org are investigating whether property owners were forced to pay for excessive or unnecessary flood insurance coverage. Allegedly, certain banks have been forcing their borrowers into purchasing or maintaining more coverage than what is necessary, and in some instances, earning kickbacks for these purchases. If your bank force placed a second, excessive or otherwise unnecessary flood insurance policy on your home or condo, you may have legal recourse to recover money spent to maintain this coverage. To find out if you are eligible, visit http://www.classaction.org/forced-placed-flood-insurance.html for a no cost evaluation of your claim.
Several forced placed flood insurance lawsuits have already been filed on behalf of borrowers who claimed that they had to pay for the high costs of unnecessary or excessive coverage. Potentially, a home or condo owner may have legal recourse to recover money expended on these policies if their lender forced or coerced them into any of the following: purchasing flood insurance which exceeds federal requirements; buying more flood insurance than whats required to protect the lenders interest in the home or condo; paying for a forced placed flood insurance policy after acceptable coverage was refused; and buying a second flood insurance policy even though the property was covered through a condo association or otherwise. Allegedly, the high premiums of these forced placed insurance policies are being tacked onto the customers monthly mortgage payments or deducted from their home equity account.
Consumers who suspect the flood insurance forced placed on them was excessive or unnecessary are invited to visit Class Action.org for a free, complimentary case evaluation. The forced placed flood coverage lawyers working with the site are offering this online consultation at no cost and with no obligation.
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.
ClassAction.org
Hannah Armstrong
800-449-1970
pressrelease@lawyercentral.com
Source: EmailWire.Com
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