Homeowner insurance question in light of BK & foreclosure

[keepsmiling]

Love ya AC!

[AngelinaCat]

Hi KS

[keepsmiling]

EXCELLENT!!!!!
Hopefully all good from here on in

[AngelinaCat]

Hi Kev:

It is great that you are finally getting some GOOD news.

I perhaps made a misstatement when I said "Chase's policy"; I actually meant that it was yours, but because it was paid for out of your Escrow account, that's why I termed it "Chase's policy.

When we had our mortgage, and I was asked if I wanted my property taxes and insurance paid out of escrow, I said, "absolutely NOT". I wanted to be able to control what is paid and when. I did not want to be dependent on some clerk in some office somewhere else--not necessarily in my county--making payments (or not) for my property.

That just did not seem to be in my best interest. And it still does not to me, the more I read scenarios like the above three pages.

Good wishes to All.

[KevFinnerty]

Hey - a happy update for a change...

Finally got to talk to my insurance agent, this is not Chase's fault this time. I was getting all fired up over nothing (well not exactly - they DID do this again back in October but not this time).

Turns out that the underwriter at the insurance company had some kind of brain fart. This did get cleared up back in October but for an unknown reason they went ahead now and issued this "your policy is canceled" notice. They are retracting it.

To Kat, sorry to read about your insurance saga, I looked at that thread. My God that is CRAZY. I didn't know it was that bad down in FLA trying to get home insurance.

I was fearful that being recently in BK it was going to be a hassle getting a new policy though, something I did not want to go through. This wasn't "Chase's policy" that was getting canceled though, as Kat referred to it - it is MY policy. Chase has nothing to do with it other than the fact that they pay it out of my escrow fund every year. I got this policy when I first bought the house in '92, Chase didn't even "service" my mortgage back then.

[tobee43]

GO FOR IT.
If only you were in NJ, my attorney would be delighted to represent you.

keep, i' know you are directing that at Kev...but our property is in nj. we rec'd a letter from some company saying they represent the OCC with a law suit on chase...but if they did, it would be from an atty. i haven't call the OCC yet, to see if they really rep them to after chase.

so, your atty is suing chase???? our property is or was in northern nj. wonder if he coudl help us????? wonder wonder wonder.

i don't know what we could sue them for, other than the loss of our house for not completing our HAMP loan mod...it was with them for over 18 months and we hand delivered everything, so they never said they didn't have a doc..as they did with so many others. while our mortgage was in their refi loan dept., they filed a summons for the foreclosure and so the story goes.

[AngelinaCat]

In the meantime if anyone can save me some much valuable time and steer me in the direction of how to learn about issues connected with getting a home insurance policy I would appreciate it.

I have preached this so many times I can't believe it. Let Chase's insurance cancel. It already is anyway; yet you keep beating this dead horse. It is beating you up instead.

Stop that and go to your local independent insurance agent and talk to them and see what they can do for you. They will take your information and shop around for a best fit for you and your situation. They represent several different companies.

Be prepared to go in person and spend time there--at least an hour or two. This is not something you can do online or over the telephone. [Trust me cell phone batteries don't last that long.]

Each company's underwriters have a different set of questions that they ask, and they have a little bit different situations that they will not insure. One of which is the BK. Some companies will not insure at all; others require 5 years to pass since a Ch7 discharge.

Here is a link to the Cat Household Insurance saga of 2009. My rant starts with post#6:

http://www.bkforum.com/showthread.php?t=34621&highlight=insurance+angelincat

Come February 2013, I get to do this again!

[KevFinnerty]

GO FOR IT.
If only you were in NJ, my attorney would be delighted to represent you.

If anyone knows any lawyers in PA that would be willing to take on Chase, sue them for harassment, willful malfeasance, criminal mischief, violation of conditions of the HAMP act (which is what my mortgage modification is under), bad breath, anything that might stick, please post in this thread or shoot me a PM.

Even if I don't get a single solitary cent out of this I want them to pay somehow/someway through fines, bad publicity, etc. To quote the '70's movie "Network" I'M MAD AS HELL AND I'M NOT GOING TO TAKE THIS ANYMORE!

[keepsmiling]

GO FOR IT.
If only you were in NJ, my attorney would be delighted to represent you.

[KevFinnerty]

There has GOT to be something that I (we) can do to make these bastards bleed. I am not putting up with this garbage anymore. A national media story perhaps? A criminal investigation through the state attorney's office? WHAT?

At this point I believe that gross incompetence can no longer be responsible for this ongoing mess. THIS HAS TO BE HAPPENING ON PURPOSE. I can think of no scenario whatsoever where any honorable company could not have corrected this as a mistake ALREADY.

In the meantime if anyone can save me some much valuable time and steer me in the direction of how to learn about issues connected with getting a home insurance policy I would appreciate it. I am fearful that this will be another HUGE MESS, complicated by my recent bankruptcy/poor credit rating, recent foreclosure action (which is over), any company wondering why my existing company has dropped me, and of course should I get new coverage then that company will start getting Chase's "this property is vacant" crap, hell that may even come up BEFORE I can get a policy! I can't believe this. SUcks that I have to wait until tomorrow to hopefully get a voicemail from my insurance agent, and it will be Tuesday (my next day off) before I can call him back or talk to a lawyer. I so do not have ANY time for this AT ALL either.

[keepsmiling]

Tobee, for good or bad, we are part of one of the class action suits against our pals at Chase. Probably a few others here are as well. The only ones who make out on those are the big firms that can afford to initiate the action.
So maybe I'll get my 1.63
But because of that I can't get a nice judgement against them...
I did, however, get their suit against me dismissed, with prejudice; and dh has sued them for others and gotten decent settlements.
They do not always cross all their t's. They're perhaps...cocky.

[tobee43]

kev, i wish you had the money to sue chase. maybe we can all get a class action suit going????

i'm sorry to say, i'm not surprised. have you tried to contact your insurance carrier directly. i would do that, and no longer deal with chase on this matter. really, they just like hitting yourself against a brick wall. you need to get this deep into your pockets and enjoy the holiday season without stress...

[keepsmiling]

Ah Kev. Never a moment's peace.
So sorry.
Have you gone and sat in the bank president's office yet?
btw we have had some minor success suing Chase. They are real pips.

[KevFinnerty]

Well I spoke too soon. Chase had ASSURED me that this was all straightened out and they had even called my insurance company to explain. Yet HERE WE GO AGAIN...

....Got a notification in today's mail that my insurance company has CANCELED my policy because my house is "not owner occupied".

I will be calling my BK atty on Tuesday (my next day off) and ask how I can go about SUING Chase. If anyone has any advice or experience along those lines PLEASE comment.

[KevFinnerty]

Supposedly this is straightened out now after me blowing my top when calling Chase about this. I have to see what happens next though, I would not be too shocked if in 3 months this happens all over again....thanks for the replies & for letting me vent.