Complaint / Review
Bank Of America - Balboa Insurance Group
Bought me $20,000 home owner's Insurance through their kick back with Balboa

I have a home that I mortgaged with Bank of America in April. Over the course of time, the home owner insurance sold through their insurance sales arm had 'price bump ups' and multiple document requests. I am not very up to date on keeping records or responding to the paperwork on time. Eventually, as my home owner insurance was cancelled by Travelers, the original carrier, Bank of America notified me that they have purchased insurance on our behalf to protect their interests. I have been bad in keeping tabs with the cost and all but at the time I got a new insurance bought and reported (approximately 6 months), The insurance they bought for me cost me 10,105.00 dollars. My current annual Insurance with Erie Insurance is $2,200.

While I agree with the process they adopted, I feel fleeced for 8000 to 9000 dollars in the process. I can provide additional details with account and policy information etc., if you would like to take up on the issue and help me figure how much of it is really appropriate and what part of it is just corporate greed.

Thank you

Dollarmonkey