State: Texas City: Houston Product: Bank Of America Customer Care Clear all filters (1 of 110 reviews match)

Bank Of America in Houston, Texas - BOA - CATCH 22

THE CATCH-22 FEMA writes flood insurance policies for homes in flood crisis. Your mortgage company for properties in flood zones require flood insurance policies to cover the risk of flooding. My customer Jerry Wilson had a $60K flood insurance policy on his property for many years. In Houston we had a drastic flood in April that devastated Jerry Wilson’s home and forced him to live in his attic. FEMA paid him $10K in April and told him he would get the rest later. They gave him the rest four months later. Jerry’s mortgage company, Bank of America, did an audit on his policy and decided that the policy needed to have $72K in coverage to meet their requirements. Jerry called FEMA to add coverage to his policy. FEMA told Jerry that while he was in a claim. He could not change his coverage. They offered to close his claim, but Jerry’s home was not yet repaired because FEMA had taken four months to pay him. Bank of America told Jerry that unless he changed his coverage, they would add the remaining coverage at a much higher price and charge him on his mortgage payment. Even though Jerry was trying to do everything asked of him, FEMA and BANK of AMERICA refused to make an exception to help this customer in a Catch 22 situation to make things right.
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#905975 Review #905975 is a subjective opinion of poster.
Bank Of America Customer Care
  • Made no exception for a good customer
Reason of review
Poor customer service
Preferred solution
Give Jerry an extension on the loan requirements until FEMA is able to complete the claim.

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Bank of America Corporation
PO Box 25118
Tampa, Florida 33633-0900
United States
(315) 724-4022
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