Call Kurtis: Lenders Fail To Pay Fair Plan Fire Insurance Policies

3 years ago 387

GRIZZLY FLATS (CBS13) — A subject dada and his woman who mislaid their location to the Caldor Fire learned they weren’t insured and their lender didn’t wage their occurrence security bill.

More occurrence victims are coming guardant aft our probe saying the brace learned they weren’t covered by insurance. Each lawsuit involves disorder surrounding the FAIR Plan occurrence security and a location refinance.

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Trevor Hammond was successful Afghanistan erstwhile the Caldor Fire destroyed their Grizzly Flats home. His woman Hannan and their 3 kids, each nether 12, evacuated, but they mislaid everything.

The mates initially paid for some occurrence and homeowners security done their monthly mortgage, but erstwhile they refinanced, someway the occurrence security was not transferred to the caller indebtedness and went unpaid.

The household is staying with their parents.

“Being astatine my parents’ house, aft the daze wears off, each the feelings commencement to travel up,” Hannah Hammonds said.

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“There’s a full batch of emotions going connected astatine the aforesaid time.” Trevor Hammonds said. “I’m aggravated 1 minute, complacent the next.”

Consumer advocator Amy Bach is with the non-profit United Policyholders.

“This script is unluckily going to go much common,” Bach said.

With truthful galore security companies choosing to nary longer insure radical against fire, Bach worries lenders volition get confused erstwhile they person 2 bills to pay: 1 for the occurrence security of past edifice called the FAIR Plan, and a abstracted homeowners policy.

The aforesaid happening happened to the Green family, whom we’ve besides reported on. After losing their location to the Caldor Fire, their assertion was denied. Turns out, aft a refinance, their caller lender paid their homeowners insurance, but not the FAIR Plan bill.

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After we got progressive the lender stepped up saying the household is present afloat covered.

Kurtis Ming

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