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I recently discovered that I can receive flood insurance coverage of a new insurer for only $ dollars a year compared to the $ your company keeps recharged and you can escrowed back at my financing membership. We never ever dreamed you to definitely my very own mortgage company carry out apply of your own governments necessary flood insurance system so you’re able to prey on and over charges their clients. In the event that some thing, I expected to discover a reduced costs regarding my own home loan organization for ton insurance. Its unlawful that you have overcharged myself.
About fall away from 2005 We received a letter from your own providers saying that I was inside the Flooding Region AE and that you’ll escrow my financial having required lender set ton insurance rates exposure. Into the a recent letter out-of Patsy #####, a representative from your team, I happened to be informed that i had mistakenly stated that I became during the Area AE. That’s incorrect. From the beginning I have handled which i in the morning during the Area X. In her letter, Ms. McKenzie in the end conceded that we was at Region X. I also named their particular truly whenever i found that I can get flood insurance policies as a consequence of another insurance company for only $ per year and planned to understand as to the reasons I became are overcharged.