Q: Flood insurance renewed without consent,policy went from $425 to $7000. Is this force placed insurance? Never notified
Flood insurance was renewed without consent or knowledge of pricing. My policy went from $425 to $7000. They also double charged my escrow account. One for over 9000k and the other for over7000k. Is this force placed insurance? Never notified they were going to price gouge for my Flood insurance by 1500%. They are claiming I cannot cancel this policy and find another affordable option . Which I have had many quotes given to me for under 1000k for flood coverage. First time home owner purchased house in May 2016
A: Of course, you are addressing your mortgage and the bank or other mortgagee. The mortgage has notification requirements and other applicable provisions. Would have to see your mortgage. Would also have to see escrow statements. I have personally seen a number of fored placed flood insurance policies with the lenders receiving full refunds. Also of course, cannot guarantee any, much less that, result in your case. But, you should contact the lender/servicer of your mortgage. Telephone conversations do not count. Everything needs to be in writing or confirmed by email.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
