Posts Tagged ‘Flood’
Nichols Kaster, PLLP Files Class Action Against Bank of America for Allegedly Misrepresenting that Flood Insurance Was Required for Borrowers Housing Cooperative Units
May 17th, 2012
Charlotte, NC (PRWEB) April 24, 2012
On April 20, 2012, Plaintiffs Pamela and Mark Lemmer filed a class action lawsuit against Bank of America, N.A. in United States District Court in the Western District of North Carolina.
According to the Complaint, Bank of America falsely represented to the Lemmers that flood insurance was required for their cooperative unit by their mortgage and/or federal law, even though their mortgage agreement does not contain a flood insurance requirement and federal law does not require flood insurance for cooperative units. The lawsuit alleges that Bank of America then force-placed flood insurance coverage on the Lemmers cooperative unit even though no flood insurance was required in the first place, and accepted a commission for purchasing this unnecessary insurance at the Lemmers expense. Not only did Bank of America illegally buy the insurance, it took a commission for doing so, said Plaintiffs attorney Kai Richter.
In their class action Complaint, the Lemmers seek relief on behalf of themselves and other housing cooperative borrowers across the country who have been similarly affected by Bank of Americas alleged conduct. Based on this alleged conduct, Plaintiffs Complaint asserts claims against Bank of America for breach of contract/breach of the covenant of good faith and fair dealing and fraud.
In todays economic environment, many homeowners are struggling to make their mortgage payments, and it is wrong for Bank of America to add to their burden by demanding wholly unnecessary and unauthorized flood insurance that is not required by borrowers mortgages or federal law. said Richter. It is particularly egregious that Bank of America is accepting commissions in connection with force-placed coverage. continued Richter.
The case is entitled Lemmer et al v. Bank of America N.A., No. 3:12-cv-000242-MOC-DSC (W.D.N.C.). Plaintiffs are represented by the law firms of Nichols Kaster, PLLP of Minneapolis, Minnesota and Shapiro Haber & Urmy LLP of Boston, Massachusetts. The firm of Whitfield Bryson & Mason LLP of Raleigh, North Carolina also represents the Plaintiffs. Additional information can be located at the firms websites – http://www.nka.com or http://www.shulaw.com or may be obtained by calling Nichols Kaster, PLLP toll free at (877) 448-0492 or Shapiro Haber & Urmy LLP at (800) 287-8119.
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Earthquake Fire Hurricane Tornado Flood MORE Home Insurance Inventory Software
March 17th, 2012
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You Can’t Buy Flood Insurance In The Eye of a Hurricane
March 12th, 2012
You Can’t Buy Flood Insurance In The Eye of a Hurricane
You Can’t Buy Flood Insurance In The Eye of a Hurricane
Plain English Guidance for Homeowners, Condo Owners and Renters
The Insurance Information Institute (I.I.I.) recommends that homeowners, condo owners and apartment owners review their insurance policy so that they know what hurricane deductibles apply. The should be done before they are looking into the eye of the hurricane. Homeowners, condo owners and renters should not depend on Federal disaster assistance. It is not free. It is usually a loan that must be paid back with interest. Take a ,000 loan at 4% interest for example. Your monthly payment would be around 0 a month (,880 a year) for 30 years. We empower you to partner with your insurance professional to make the right choices concerning this critical insurance coverage. Buy the guide today.
You Can’t Buy Flood Insurance In The Eye of a Hurricane
Plain English Guidance for Homeowners, Condo Owners and Renters
The Insurance Information Institute (I.I.I.) recommends that homeowners, condo owners and apartment owners review their insurance policy so that they know what hurricane deductibles apply. The should be done before they are looking into the eye of the hurricane. Homeowners, condo owners and renters should not depend on Federal disaster assistance. It is not free. It is usually a loan that must be paid back with interest. Take a ,000 loan at 4% interest for example. Your monthly payment would be around 0 a month (,880 a year) for 30 years. We empower you to partner with your insurance professional to make the right choices concerning this critical insurance coverage. Buy the guide today.
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Mold, Fire, Flood & Other Topics: Homeowners Insurance Explained
February 25th, 2012
Mold, Fire, Flood & Other Topics: Homeowners Insurance Explained
Frustrated with your insurance company? Wondering if your house is underinsured? Want to know what to expect when you file a mold claim? If you answered “yes” to any of these questions then “Mold, Fire, Flood, & Other Topics: Homeowners Insurance Explained” is for you. This is the book many insurance companies don’t want you to read.
Packed with 101 short, easy-to-read, informative topics, it’s a valuable tool for everyone wanting to know the essentials about homeowners insurance but don’t want to be bogged down with technical mumbo-jumbo. Topics of particular interest include how adjusters interpret the policy, what to do when your claim is denied, and how to ensure that your policy has enough coverage.
Part One answers such questions as:
-Is my house UNDERinsured?
-Will my policy be cancelled? and,
-Do I need a public adjuster?
Part Two decodes the policy to a simple, understandable level. Topics discussed in this part of the text include:
-What is covered, and what is excluded.
-Limits (structure, contents, etc.)
-Replacement Cost and Actual Cash Value
Part Three delves into the realm of losses by describing in detail the most common types of claims and what you should expect from your insurance company. You will read about:
-Plumbing Failure
-Sewer Backup
-Earthquake
-And of course mold, fire, flood, and many others.
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Woodland flood zone lines redrawn; homeowners could save on insurance
February 15th, 2012
Woodland flood zone lines redrawn; homeowners could save on insurance
Some Woodland property owners will save about $ 4 million each year on flood insurance after flood zones lines will be redrawn to exclude 4300 properties from high-risk zones. Woodland officials said Monday that the change to the Federal Emergency …
Read more on Bizjournals.com
New Flood Maps Show Current Risks In Sebastian County, Arkansas to Homeowners …
by Alex Ferreras on February 13, 2012 in Mortgage Assistance (Source: FEMA) – Sebastian County, Arkansas homeowners, business and residential renters, and business owners who do not have flood insurance are encouraged to buy coverage now to get the …
Read more on LoanSafe
Florida homeowners claim private insurance companies inflate replacement cost …
PETERSBURG, Florida — Walt Fedorchenko hates looking at the bill for his homeowners insurance. After living in this modest St. Petersburg house for decades — Walt's latest bill was a shocker. "In the last year, they've increased it $ 57000," Walt …
Read more on WTSP 10 News
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Water Restoration Authority RestorationLocal.com Advises Homeowners to Consider Flood Insurance
January 14th, 2012
Cleveland OH (PRWEB) January 06, 2012
Water restoration leader RestorationLocal.com is advising homeowners to look into purchasing flood insurance to minimize the high cost of water damage to their properties. 2011 was a year of record flooding in many parts of the country, and with the winter of 2012 predicted to be an intense one, the threat of flooding is evident.
Many homeowners fail to realize that flooding is not a part of their normal homeowners insurance coverage, and as a result end up surprised when they try to file a claim following damage caused by a flash flood or a major storm.
Obtaining flood insurance is possible. Some companies offer flood coverage for an additional premium, and in 1968, the federal government established the National Flood Insurance Program (NFIP) designed to assist property owners by protecting them financially against flood damage.
The NFIP provides flood coverage to homeowners, businesses, and rental properties, provided that their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements designed to reduce the risk of flooding.
The NFIP uses flooding history in a given area to determine that areas projected flood risk. With critical determinations made by evaluating a given communitys rainfall and river flow data, topography, wind velocity, tidal surge (if applicable) flood control measures, building development, and community maps.
RestorationLocal.com encourages homeowners to look into the NFIP as a resource to protect against flooding. Federal disaster relief is available following flood events, however they usually come in the form of low interest loans, are only available if the President formally declares a disaster, and must be repaid along with any existing mortgage. NFIP coverage eliminates these scenarios.
Homeowners interested in NFIP coverage should contact their local homeowners insurance provider and see if NFIP coverage applies to their community and fill out a Flood Risk Profile. Some insurance companies also offer Excess Flood Protection, which provides additional coverage above and beyond what the NFIP provides.
RestorationLocal.com is a nationwide water damage repair company. They are based in Cleveland OH.
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Balsbaugh Insurance Agency Inc. Now Offers Flood Insurance
December 17th, 2011
Lancaster, PA (PRWEB) December 17, 2011
In September, historic flooding in the Northeast claimed several lives and left a trail of devastation across central Pennsylvania. The storm dumped more than 15 inches of rain in 4 days in some areas with significant flooding and water damage. The rains left many wishing they had invested in flood insurance. Most homeowners insurance policies cover limited or no water damage but not surface water and flooding. By partnering with Balsbaugh Insurance Agency, Inc, to secure flood insurance coverage, you can minimize the financial impact of flood damage to your home. Many Central Pennsylvania residents did not have flood insurance to cover their financial losses. With Balsbaugh Insurance Agency, homeowners can rest assured that their largest investment is protected with flood insurance.
Along with flood insurance, Balsbaugh Insurance Agency in Schaefferstown, PA also offers a large variety of other services. For instance, Balsbaugh Insurance is the only listed insurance agency in Lebanon County to offer Church Insurance as follows:
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Earthquake Volcano Flood Insurance Inventory Software
November 18th, 2011
 | US $89.95 End Date: Monday Jun-04-2012 4:42:52 PDT Buy It Now for only: US $89.95 Buy it now | Add to watch list |
Earthquake Fire Hurricane Tornado Flood MORE Home Insurance Inventory Software
 | US $29.95 End Date: Saturday Jun-16-2012 20:36:58 PDT Buy It Now for only: US $29.95 Buy it now | Add to watch list |
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Message to the non preppers » Roth IRA News
November 9th, 2011
You purchase and maintain car insurance, home insurance, life insurance, insurance against theft of your 'stuff', insurance against natural disasters like flood-fire-tornado-earthquake, your vehicle has a spare tire, your house …
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Message to the non preppers » Roth IRA News
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Insurance Companies For Medical Liability Car … – Casual Revolt
November 6th, 2011
This may include specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland marine insurance or boiler insurance. Liability Insurance: This type of insurance provides … Car insurance also known as auto insurance, gap insurance, vehicle insurance, or motor insurance is the insurance paid for different vehicles like cars, trucks, motorcycles, and other vehicles. Auto insurance protects the policyholder against …
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Insurance Companies For Medical Liability Car … – Casual Revolt