- Report: #889785
Complaint Review: GMAC - Waterloo Iowa
Reported By:
runaround -
, Minnesota, United States of America
Submitted:
Updated:
-
Author Confirmed
Why?
GMAC
P.O. Box 4622 Waterloo, 50704-462 Iowa, United States of America
Phone:
Web:
Categories:
Business Rating:
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GMAC GMAC Mortgage Double Insuring Property! Waterloo, Iowa
When we switched home insurance companies in July of 2011, GMAC was listed as the Mortgage Holder on the insurance policy. Within 3 weeks we received a letter from GMAC stating that they were notified that our insurance was cancelled & would be putting coverage on the property themselves.
We immediately notified our new insurance company and they faxed a copy of the policy to GMAC.
A few weeks later we get another notice that GMAC will place insurance on the property. We not only mailed them a copy of the policy, we had our agent fax it yet again. This has been going on for 9 months now! They are charging us $120 a month to insure a property that is already insured & that's illegal!
They've received the copy of our policy showing them as the mortgage holder 8 times since this all started and still claim they don't have it. I am so done with this company!
We immediately notified our new insurance company and they faxed a copy of the policy to GMAC.
A few weeks later we get another notice that GMAC will place insurance on the property. We not only mailed them a copy of the policy, we had our agent fax it yet again. This has been going on for 9 months now! They are charging us $120 a month to insure a property that is already insured & that's illegal!
They've received the copy of our policy showing them as the mortgage holder 8 times since this all started and still claim they don't have it. I am so done with this company!
1 Updates & Rebuttals
Daniel
ft lauderdale,Florida,
U.S.A.
classaction suits
#2Consumer Comment
Thu, May 31, 2012
there are two classaction lawsuits out already for this very same thing, this is what gmac does through their outsourced sub servicing agents , call them and ask for the insurance service center they will anwser gmac, then ask who are you really i bet they anwser balboa keep asking untill they tell you . do a search on the lawsuits and contact the attorneys they will love hearing from you.
