i currenty have full coverage insurance,but my bank added more insurance without my permmision,because my insurance did not indicate that wells fargo is not listed on my policy as loss payee,i had send them proof,and they are not takinq this insurance off so , now im not making no payments on the vehicle for the last 4 months,unless they take that extra insurance off,i called the better bussiness bureau,but did not got an answer,what other bureau should i call to have this investigated,if i get an attorney it will cost me alot of money....please help............
2007-07-27 01:47:14 · 6 answers · asked by El Gato 2 in Cars & Transportation ➔ Insurance & Registration
If your bank added the insurance premium, without your knowledge or consent, then you have s strong case against them. Take it up with them. Issue a few threats - that will get them moving.
Otherwise, get in touch with Ivor Clue (The Detective). An excellent organisation. They will advise and guide you.
Make contact via www.acetecs.com I have found them so helpful. Subject to various terms and conditions, they operate a NO CLAIM - NO FEE service. The will advise on this. They will not rip you off.
I hope this has helped and may I wish you GOOD LUCK.
2007-07-27 02:09:55 · answer #1 · answered by tonyflair2002 4 · 0⤊ 0⤋
Try contacting the Dept of Commerce for your state. They usually handle banking issues.
Regarding the proof the bank needs, normally they require it to come from the insurance company not the policyholder. If you haven't already done so have your insurance company add the bank as a lienholder to your policy. Then your company will send a leinholder endorsement to the bank. That will end the extra insurance they added.
Good Luck
2007-07-27 02:43:38 · answer #2 · answered by fighting saints 6 · 0⤊ 0⤋
First of all, you need to make your car payments. Now! They're going to repossess your car if you don't. Then, don't take no for an answer with this "extra" insurance. Send a letter with proof of your insurance and all the details to the HEAD of the department (I make a separate call to the company to ask who the department head is to avoid mis-information) asking for cancellation and a refund of the unnecessary insurance. If you don't get satisfaction, keep taking your case higher until you reach the president of the company if necessary. Keep a copy of all correspondence for yourself and add copies of everything for each level you have to take. The squeaky wheel gets the oil. I've never had this process fail me.
2007-07-27 02:56:38 · answer #3 · answered by butrcupps 6 · 0⤊ 0⤋
You need to contact your STATE INSURANCE DEPARTMENT. Now, if the names don't EXACTLY MATCH on the policy and the loan, that's where your problem could be. Or maybe you're sending the insurance information in to the payment address?? Those are the two most common problems.
2007-07-27 02:55:05 · answer #4 · answered by Anonymous 7 · 1⤊ 0⤋
CHECK WITH THE BOARD OF INSURANCE WHICH IS ON LINE AND THIS WAY YOU WILL BE ABLE TO SEE FIRST HAND ALL INSURANCE COMPANIES INCLUDING THEIR RATINGS AS WELL AS HOW THEY PAY AND TREAT CONSUMERS AND MAYBE BE ABLE TO ASSIST YOU.
2007-07-27 11:47:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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2007-07-27 06:09:29 · answer #6 · answered by Anonymous · 0⤊ 1⤋