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(EMAILWIRE.COM, December 21, 2011 ) New York, NY – The forced placed flood insurance attorneys working with Class Action.org are investigating whether property owners were unfairly forced into paying for an excessive flood insurance policy. It has been alleged that certain mortgage companies and banks have been forcing or coercing homeowners into purchasing or maintaining flood insurance which is unnecessary, overly expensive or otherwise excessive. If you suspect you are paying for an excessive forced placed flood insurance policy, you may be able to seek compensation for the costly premiums paid paid out for this coverage. To find out if you are eligible, visit http://www.classaction.org/forced-placed-flood-insurance.html for a free evaluation of your claim.
Several flood insurance lawsuits concerning forced placed flood insurance coverage have already been filed. Potentially, a borrower may be eligible to seek compensation through a forced placed flood insurance lawsuit if they were forced or coerced into purchasing or maintaining any of the following: more coverage that what was necessary under their mortgage contracts; a second flood insurance policy even though they were covered through a condo association or otherwise; coverage which exceeds federal requirements; or a second flood insurance policy after acceptable coverage was refused. According to reports, some of the companies that forced placed flood insurance which was unnecessary or excessive received kickbacks for these purchases, the cost of which was either added to the borrowerÂ’s mortgage payments or deducted from their home equity account.
Consumers who suspect their forced placed flood insurance is unnecessary or excessive may have legal recourse. Potentially, these individuals may be able to participate in a flood insurance lawsuit seeking compensation for the additional expenses associated with this coverage. To learn more about forced placed flood insurance and to receive a free case evaluation, 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.
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