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Loans, Financing, and Borrower' Rights

Force Placed Flood & Homeowners Insurance

Mortgage lenders often require homeowners to maintain homeowners insurance. If you don’t have insurance of suffer a lapse in coverage, your lender can "force place" insurance on the property and charge the premium cost to you. However, often mortgage lenders impose expensive, unnecessary, or otherwise undesirable insurance on homeowners. If you believe your mortgage lender has force-placed you with unnecessary or expensive flood or homeowners insurance, our consumer rights lawyers may be able to help.

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Force Placed Flood & Homeowners Insurance Details

Every year, thousands of home buyers are forced to purchase expensive and unnecessary insurance as part of the financing process for their new home. In certain situations, you may be entitled to monetary damages due to the force placed insurance levied by your mortgage lender.

Examples of Potential Age Discrimination

You may be entitled to monetary damages if your mortgage lender:

Purchased exorbitant insurance coverage for your property.

  • Received significant kickbacks in the form of commissions or administrative expense reimbursements from the insurer for force-placing auto insurance coverage.
  • Retroactively purchased insurance for past time periods that were not subject to any claims.
  • Billed you for additional coverage or forms of coverage that were not required under your mortgage agreement.
  • Allowed your existing coverage to lapse without notice before purchasing "force placed" insurance.

If your lender used these or other unsavory business tactics when force-placing your property with insurance, please contact our consumer protection team to discuss a possible claim.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. Read full Disclaimer.

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