Saturday, December 6, 2014

How to claim SunTrust Force Placed Insurance Settlement?

Sun Trust mortgage customers who have charged with illegal force-placed insurance policy can claim refund into the SunTrustForcePlacedInsuranceSettlement.com.

It becomes important for companies who provide mortgage on property to cover all the aspects before giving insurance. In many cases, without checking need of extra coverage on property, insurance companies make their customers to pay for force placed insurance policy. If you have also come across the SunTrust Mortgage force-placed insurance, then claim your refund into the settlement.

Suntrust bank branch

Normally force placed insurance is a practice in which a lender or mortgage provider like Sun Trust Mortgage protects a property from various hazards and liabilities. If lender comes to know that property they are insuring is lacking full protection from natural disasters such as hurricane, flood, and other hazards, then they can legally force place an extra insurance policy on home owner.

As per the allegations of class members in settlement, Sun Trust Mortgage Company has received kickbacks from insurance companies for post-dating necessary property coverage. This kickback covers insurance costs and fees for homeowners. Homeowners claim that company has misguided them to pay more fees for forced place policy.

Company has denied for any kind of wrong going and still agreed to settle down the class action to resolve the future uncertainty of class action. Refund amount will vary for every class member. Each class member will receive an amount equal to 10.5% of the net written premium on policy.

Any person (a borrower) within the United States who had a mortgage serviced by Sun Trust and charged for force-placed hazard, flood, or wind insurance issued by QBE, or a subsidiary/affiliate, during the time period of April 1, 2008 to June 18, 2014 is considered as eligible class member. Last date to file your claim into the settlement is January 15, 2015.

Highlights of SunTrust Force Placed Insurance Settlement:

Official site of class action: hamiltonsettlement.com
Link to complete claim procedure online: hamiltonsettlement.com
Link to download claim form: hamiltonsettlement.com

Claims Administrator:
Hamilton v. SunTrust Settlement
c/o GCG
P.O. Box 10090
Dublin, OH 43017-6690
1-844-322-8218

Last date to file a claim: January 15, 2015

Class Counsel:
Adam M. Moskowitz
Harley S. Tropin
KOZYAK, TROPIN, & THROCKMORTON, P.A.
Aaron S. Podhurst
Peter Prieto
PODHURST ORSECK, P.A.
Lance A. Harke
Howard M. Bushman, Esq.
HARKE CLASBY & BUSHMAN LLP

Defense Counsel:
Mark J. Gottlieb
AKERMAN LLP
Robyn C. Quattrone
BUCKYSANDLER LLP

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