For all borrowers in the U.S, who were charged by LoanCare under a hazard, flood, flood-gap or wind-only LPI Policy for Residential Property, and who, within the Class Period, then you are eligible for a potential award from the LoanCare Lender-Placed Hazard Class Action Lawsuit! According to the lawsuit, LoanCare force-placed insurance policies so that it would receive “kickbacks” in the form of commissions or other payments from the Assurant defendants. LoanCare denies all acts of wrongdoings, however, they have agreed to settle the class-action lawsuit in order to avoid the further risk and cost of ongoing litigation. So if you are eligible, file a claim by 6/16/17 to receive your potential award!
LoanCare Lawsuit:
- LoanCare Lender Placed Hazard Claim Form
- Claim Form Deadline: 6/16/17
- Who’s Eligible: Class Members of the LoanCare force-placed insurance settlement include “all borrowers in the United States who, within the Class Period were charged by LoanCare under a hazard, flood, flood-gap or wind-only LPI Policy for Residential Property, and who, within the Class Period, either to LoanCare some or all of the Net Premium for that LPI Policy or did not pay to and still owe LoanCare the Net Premium for that LPI Policy.
- Estimated Amount: Varies
- Proof of Purchase: N/A
- Case Name & Number: In re: Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, MDL No. 13-2441, in the U.S. District Court for the District of Minnesota
How To File a Claim:
- Head over to the LoanCare Lender Claim Form.
- Read over the claim form to see if you are eligible.
- Fill out the claim form with your information.
- Submit your claim by 6/16/17 to receive your potential award!
Bottom Line:
If you were charged by LoanCare LLC for a lender-placed insurance policy for your residential property between Jan. 1, 2009 and Oct. 19, 2016, then you are eligible for a potential award from the LoanCare Lender Class Action Lawsuit! According to the lawsuit, LoanCare imposed upon borrowers caused their rates and the amount of insurance coverage to be excessive. So if you are eligible, file a claim by 6/16/17 to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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