Chimicles & Tikellis is investigating a potential class action lawsuit on behalf of consumers who have or had a home mortgage with PNC Bank/PNC Mortgage. It has been reported that when these borrowers fail to maintain required insurance on their property – such as hazard, flood or wind insurance – PNC will automatically purchase such insurance coverage from a third party at rates that are allegedly well above the fair market value. After acquiring this “forced placed” insurance, PNC will then charge these allegedly inflated insurance premiums on the borrower.
If you have a mortgage through PNC and were charged these types of insurance premiums, please contact us via the “Email us about this Case” button, below.
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