Wells Fargo
Ripoff

Mine is the same as thousands. I had a forced insurance placed on a loan that I secured with a motorcycle. My complaint is that their insurance is at least three times higher than the insurance that you or myself can aquire on any given day and it only covers the colleratal which is securing the loan. My insurance that I purchased is only $238.00 for a full 12 months coverage. Their insurance is $896.00 for coverage from april 5th to 12-31-05. That's only 8 months.

I could cover my motorcycle for 4 years with what they are covering my motorcycle for 8 months. Is this a form of insurance fraud or am I just taking this too hard. I need to know if this is legal and if so how do I (we) get this changed. Maybe petition the courts to mandate a limit on how much a financial instution can acess on any loan for forced insurance.

Company: Wells Fargo
Country: USA
State: New Mexico
City: Ruidoso
Address: 401 Sudderth Drive
Phone: 5052574611

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