1 comment

You can't make this stuff up...

Cenlar (which has to be the perfect name for a stereotypical evil mega-corporation) has sent me a letter saying I need to increase the coverage on my condo's flood insurance by 111k. No proof, no supporting documentation, no due date; just a threat that if I don't comply they'll tack on their own flood insurance premium to my loan.

This is such a blatantly transparent attempt to squeeze money out of me. Did I mention the condo is in a tower on the 14th floor?! Big risk for flooding...

Product or Service Mentioned: Cenlar Loan.

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Anonymous
#1365749

I am going through this exact scenario at the moment. They added the flood insurance without even sending a notification to me.

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