Wells Fargo Home Mortgage
Added outrageous insurance premium

I received a letter from Wells Fargo on Feb 4 that my homeowners insurance canceled on Jan 20. I was NOT notified by my insurance company. I called a new insurance companies to get quotes and had insurance in place Feb 9.

Then I get a letter from Wells Fargo on Feb 14 stating that I was not covered from Jan 20 to Feb 9 and they "provided" me with insurance for a fee of $357 for those 19 days.

This amounts to $19/day! My current insurance is $3/day and includes contents, etc., which Wells Fargo only covers dwelling. This is outrageous.

I realize I may have to have insurance for those 19 days, but they should not have the right to charge such ridiculous fees? Who gives them this right? And why wasn't I informed that they would be doing this? I might could have gotten my current insurance to cover that period if I had done it when I first applied.

The point is they are taking advantage and getting away with what amounts to robbery and I think they should be stopped. A reasonable fee would have been acceptable by me but this is absurd that they can charge whatever they want.

I realize this is a small amount and maybe no one really cares, but it is an example of what they are getting away with.

Company: Wells Fargo Home Mortgage
Country: USA
State: Florida
City: Jacksonville
Phone: 8005522961
Site: wellsfargo.com

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