@WellsFargo I closed my business account due to you overcharging me for insurance by $30,000! I’m still stuck with the mortgage. I’m a real estate agent so at least I can spread the word to many agents and customers not to deal with Wells Fargo for a mortgage
@WellsFargo
After 20+ years with Wells Fargo and never a single late payment, this is how I was treated.
My $1,500/year homeowner’s policy was canceled after an inspection during a week of heavy rain. It took me 3 weeks to get a new policy at $4,945/year.
Because of that 3-week gap — with no damage or claims — Wells Fargo retroactively force-placed insurance.
The annual premium of the policy they chose? $34,980.
My cost for just 3 weeks: $2,485.
Customer service was no help.
After decades of loyalty, this feels completely unfair.
Wells Fargo Mortgage – Avoid at All Costs
After more than 20 years with a mortgage through Wells Fargo — and never a single late payment — this is how I was treated.
For years, my homeowner’s insurance cost about $1,500 annually. During a week of torrential rain, my insurance company inspected my roof and later sent a letter saying they were canceling my policy due to “puddling.” I asked them to reinspect when it wasn’t raining, but they refused and canceled the policy anyway.
It took me three weeks to secure a new policy, which now costs $4,945 per year — expensive, but I had no choice.
Then I received a letter from Wells Fargo stating there was a three-week gap between policies. Even though there was no damage and no claims during that time, they retroactively purchased insurance to cover that period.
The annual premium for the policy they selected? $34,980.
How is it even possible to find a policy that expensive?
So my insurance jumped from $1,500 to $4,945 annually — and Wells Fargo’s force-placed policy was $34,980 per year. My prorated cost for just three weeks came to $2,485.
Attempting to discuss or dispute this with them was completely useless.
After two decades of responsible payments, this feels like being taken advantage of.
Stay away from Wells Fargo.
Wells Fargo Mortgage – Avoid at All Costs
After more than 20 years with a mortgage through Wells Fargo — and never a single late payment — this is how I was treated.
For years, my homeowner’s insurance cost about $1,500 annually. During a week of torrential rain, my insurance company inspected my roof and later sent a letter saying they were canceling my policy due to “puddling.” I asked them to reinspect when it wasn’t raining, but they refused and canceled the policy anyway.
It took me three weeks to secure a new policy, which now costs $4,945 per year — expensive, but I had no choice.
Then I received a letter from Wells Fargo stating there was a three-week gap between policies. Even though there was no damage and no claims during that time, they retroactively purchased insurance to cover that period.
The annual premium for the policy they selected? $34,980.
How is it even possible to find a policy that expensive?
So my insurance jumped from $1,500 to $4,945 annually — and Wells Fargo’s force-placed policy was $34,980 per year. My prorated cost for just three weeks came to $2,485.
Attempting to discuss or dispute this with them was completely useless.
After two decades of responsible payments, this feels like being taken advantage of.
Stay away from Wells Fargo.
@AmericanAir American delayed again due to maintenance issues. Over 5 hours late and no one available to help. People have been waiting over 2 hours in line to speak with an agent. At this point just give us a hotel voucher and we can try again on a flight tomorrow!