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  • Report:  #1031745

Complaint Review: Washington Mutual

Washington Mutual flood insurance price gouging 10 times normal amount, ripoff Internet

  • Reported By:
    Irvine California
  • Submitted:
    Wed, February 21, 2007
  • Updated:
    Wed, February 21, 2007

I have a home loan with Washington Mutual and needed to have insurance and also flood insurance i had this thru State Farm, after the first year i switched companies to George Chadwick Insurance ans was assured it was the same coverage ned by the bank including flood insurance
i then recieved a letter from Wamu stating i needed flood coverage i called Chadwick and was told it was included and come to find out it was not

i then went back to State Farm and cleared matter up with a new policy but then got a letter from Wamu stating i owed $3300 for flood insurance i called and talked to numerous people and got the amount down to $915 then got another bill got for $3300 again and was told nothing could be done

Flood insurance runs about $300 to $400 a year i know because i have it with State Farm and also Farm Bureau on 2 other homes. my loan now has been sold to Wells and WAMU will not do anything about this !!!! to be charged 10 times normal amount is really a Rip Off and taking advantage of situation

William
Irvine, California
U.S.A.

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