Forced Place Insurance Kickbacks

Chimicles & Tikellis is investigating allegations that when homeowners with a mortgage default on certain types of insurance coverage for the property (such as hazard or flood insurance), the lender will then purchase insurance from a preferred third party at above-market rates.  It has been reported that several banks are receiving kickbacks from these insurance companies as part of this “forced place” insurance scheme.

If your mortgage company has purchased overpriced insurance for your home, please contact us via the “Email us about this Case” button below.