- Report: #77392
Complaint Review: Green Tree Conseco - St. Paul Minnesota
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Author Not Confirmed
Why?
Green Tree Conseco
800 Landmark Towers L800M St. Paul, 55102 Minnesota, U.S.A.
Phone:
800-643-0202
Web:
N/A
Categories:
Business Rating:
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Green Tree, Conseco Insurnace scam St. Paul Minnesota
We were originally financed with Conseco, who tried to get us to use their insurance , but we insured our property and home with Farm Bureau. Then Green Tree took over our mortgage and within a few months started sending us letters stating we did not have adequate coverage. We had our insurance agent send them the forms showing our policy coverage. Green Tree kept sending letters, and again our agent sent more forms.
We recently recieved a letter stating that They ( Green Tree ) are going to put their insurance on our home , because we did still did not have enough coverage. Which according to our agent, we had more coverage than Green Tree's coverage would be, but at one third the cost.
We have filed a formal complaint with the Oklahoma Insurance Commission, and are awaiting any results. this could take some time, in the meantime we have only a week or so to comply with Green Tree's demands. Our agent informed us the only difference in our current policy and the one they insist we have is the word Comprehensive which is not stated in the HO2 Broad Coverage policy. Or the Term All Perrils.
According to our agent the differences are as follows:
1: HO1 Basic Coverage limited coverage
2. HO2 Broad Coverage covers everything HO3&5 but must show cause of damage
3. HO3 Special Form no proof of cause of damage
4. HO5 Special Form w/ Higher Limits
We currently have a HO2 policy w/coverage to outer buildings, and personnal affects, which the policy Gree Tree is trying to force on us does not. In speaking to the Insurance Commissioner, he stated that after reveiwing our policy , that we have more than enough coverage and it seemed that Green Tree is trying to con us into using their insurance, just because of the wording and not the actual coverage of the policy.
There are a large number of complaints being filed with the office of the Oklahoma Insurance Commission, and an investigation is soon to follow. But, until an investigation is conducted and the results obtained, we the Manufactured Home Owners here in Oklahoma and around the country that have our mortgages with Gree Tree are helpless, and must pay outlandish prices for our insurance.
Floyd
Waukomis, Oklahoma
U.S.A.
We recently recieved a letter stating that They ( Green Tree ) are going to put their insurance on our home , because we did still did not have enough coverage. Which according to our agent, we had more coverage than Green Tree's coverage would be, but at one third the cost.
We have filed a formal complaint with the Oklahoma Insurance Commission, and are awaiting any results. this could take some time, in the meantime we have only a week or so to comply with Green Tree's demands. Our agent informed us the only difference in our current policy and the one they insist we have is the word Comprehensive which is not stated in the HO2 Broad Coverage policy. Or the Term All Perrils.
According to our agent the differences are as follows:
1: HO1 Basic Coverage limited coverage
2. HO2 Broad Coverage covers everything HO3&5 but must show cause of damage
3. HO3 Special Form no proof of cause of damage
4. HO5 Special Form w/ Higher Limits
We currently have a HO2 policy w/coverage to outer buildings, and personnal affects, which the policy Gree Tree is trying to force on us does not. In speaking to the Insurance Commissioner, he stated that after reveiwing our policy , that we have more than enough coverage and it seemed that Green Tree is trying to con us into using their insurance, just because of the wording and not the actual coverage of the policy.
There are a large number of complaints being filed with the office of the Oklahoma Insurance Commission, and an investigation is soon to follow. But, until an investigation is conducted and the results obtained, we the Manufactured Home Owners here in Oklahoma and around the country that have our mortgages with Gree Tree are helpless, and must pay outlandish prices for our insurance.
Floyd
Waukomis, Oklahoma
U.S.A.
1 Updates & Rebuttals
Tonia
Youngstown,Florida,
U.S.A.
WE too are being forced to buy their insurance.
#2Consumer Comment
Mon, January 26, 2004
We are dealing with this exact situation at this point. I have been calling them, only to get rude people who speak to me as if I am a 5 year old. I have done some research on this and they can't legally force you to buy ins. But, they don't seem to know this fact. We have more than enough coverage and what they do is add their more expensive lesser coverage ins.on to your account and then when you make a payment ON TIME deduct first the ins., that was purchased against your will, making your payment deficient. I actually have an appointment with an attorney on Friday to discuss this matter. I am so tired of dealing with them and their bad business practices.
