Complaint Review: GMAC - Waterloo Iowa
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- Author Confirmed
- GMAC P.O. Box 4622 Waterloo, Iowa United States of America
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- Category: Insurance Companies
GMAC GMAC Mortgage Double Insuring Property! Waterloo, Iowa
*Consumer Comment: classaction suits
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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!
This report was posted on Ripoff Report on 05/29/2012 08:02 AM and is a permanent record located here: https://www.ripoffreport.com/reports/gmac/waterloo-iowa-50704-462/gmac-gmac-mortgage-double-insuring-property-waterloo-iowa-889785. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
classaction suits
AUTHOR: Daniel - (U.S.A.)
SUBMITTED: Thursday, 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.
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