• Report: #214173

Complaint Review: Compass Bank

  • Submitted: Wed, October 04, 2006
  • Updated: Thu, October 05, 2006

  • Reported By:Chandler Arizona
Compass Bank
P.O. Box 8099 Ft. Worth, Texas U.S.A.

Compass Bank Added insurance ripoff Ft. Worth Texas

*Consumer Comment: Are your insurance limits sufficient?

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I purchased a new vehicle one year ago which has been covered by insurance since day one. Proof of insurance has been provided to Compass Bank by both myself and agents. Despite this an outrageously priced policy has been placed on my account with notification that I do not have coverage. No matter how many times I Fax the information it is ignored. This seems to be an additional income scheme for them. I'm sure individuals are paying this in order for their credit not to be affected.

Jack
Chandler, Arizona
U.S.A.

This report was posted on Ripoff Report on 10/04/2006 11:37 AM and is a permanent record located here: http://www.ripoffreport.com/r/Compass-Bank/Ft-Worth-Texas-76124/Compass-Bank-Added-insurance-ripoff-Ft-Worth-Texas-214173. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Are your insurance limits sufficient?

AUTHOR: Robert - (U.S.A.)

Does Compass bank have insurance limit requirements that are higher than what your current insurance is for? Perhaps that is why they had to take out an additional policy to cover the difference. Just a thought.
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