Homeowners and their attorneys are stepping up their fight over lenders' practice of placing high-priced insurance on properties whose owners have allowed their policies to lapse.
May 22, 2013 at 12:00 AM
1 minute read
When Alfred and Sydell Herrick’s windstorm insurance lapsed in late 2011, lender J.P. Morgan Chase Bank imposed its own policy on their Golden Beach home.
The annual premium: $54,142.56 versus the $5,007 a year state-run Citizens Property Insurance Corp. charged them for a new policy.
Phila. Jury Hands Up $6.1M Verdict to Crushed Worker Despite Plaintiff's 'Nuclear' Settlement Demand
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