HSBC Diaz Settlement for hazard insurance policies

HSBC customer who has overcharged for lender-placed hazard insurance policy can get refund of 13% on premium in HSBC Diaz Settlement at DiazSettlementInfo.com.

You have to checkout each and every detail of insurance before insuring any assets or yourself. As we lack of necessity to go through each instruction while completing insurance paperwork, we face various problems in future for that insurance. Recently many HSBC bank customers have come across the forced hazard insurance for lender-placed insurance by HSBC bank and their affiliates. If you have also come across the same situation, then claim your benefits into the HSBC Bank force-placed insurance class action settlement.

As per the claims of plaintiffs, HSBC has illegally overcharged their home insurance customers with minimum coverage on forced placed insurance policies. Class members have also said that HSBC has forced extremely costly insurance policies on their homeowners to earn more profits. Company has disagreed with the claims of plaintiff of overcharging yet agreed to settle down the class action to resume future uncertainty lawsuit.

Every person who has charged for a lender-placed hazard insurance policy by HSBC and affiliates, which has been issued by Assurant Inc. or its subsidiaries during time period of January 1, 2005 to March 24, 2014, are eligible to claim their refund into the class action.

Potential class members who have already paid portion or all of the charges in hazard LPI policy will get refund of 13% of the net premium of their policy in HSBC Diaz settlement. Class members who have not paid their premium will get 6% of their net premium of hazard LPI policy.

For completing claim form, you will need following documents:

• A Signed Witness Verification Form; witness must be 18 years old
• Or hard copy of a form of identification containing signature and photograph of the Claimant
• Or Hardcopy of a mortgage statement issued by the HSBC Defendants to Claimant
• Or Notary verification by Claimant for making the required affirmations under oath in the presence of the notary with bearing evidence of notarial authority

Make sure you have one of the above documents ready with you and submit it in class action within the 60 day period after final approval of court to claim benefits in HSBC Diaz settlement. Final hearing of court for HSBC Bank force-placed insurance class action settlement is held on September 18, 2014. For court documents and filing claim online, visit official site diazsettlementinfo.com.

Highlights of HSBC Bank force-placed insurance class action settlement:

Official site of class action: diazsettlementinfo.com
Link to file claim online in class action settlement: diazsettlementinfo.com
Case type: Consumer fraud

Claim administrators address:
Diaz v. HSBC Bank USA Claims Administrator
P.O. Box 43193
Providence, RI 02940-3193
1-888-548-5505

Deadline for claiming refund: Within 60 day (2 months) period after final hearing of court
Final hearing date: September 18, 2014

Refund amount:

• 13% of net premium for customers who have paid their premium
• 6% of net premium for customers who have not paid their premium

Summary: HSBC and affiliates has overcharged their home insurance customers with forced lender-placed hazard insurance policy for more provide with less coverage. Company denied for allegation but agreed to settle class action.

Class Counsel:
Adam M. Moskowitz
Tucker Ronzetti
Rachel Sullivan
Robert J. Neary
KOZYAK TROPIN & THROCKMORTON PA
Aaron S. Podhurst
Peter Prieto
John Gravante III
Matthew Weinshall
PA PODHURST ORSECK PA
Lance A. Harke
Sarah Engel
Howard M. Bushman
HARKE CLASBY & BUSHMAN LLP

Defense Counsel:
Lisa M. Simonetti
STROOCK & STROOCK & LAVAN LLP
Frank G. Burt
Farrokh Jhabvala
CARLTON FIELDS JORDEN BURT
Image courtesy: Flickr, WTA20