Homecomplaint › Home - Ft. Lauderdale, FL - Penny Mac Flood Insurance overcharge for recently added FEMA zones

Consumer Complaint

Home - Ft. Lauderdale, FL - Penny Mac Flood Insurance overcharge for recently added FEMA zones

Companies Involved: 
Penny Mac
Issue Area: 
Insurance

My insurance company is overcharging me for insurance. We are an HOA that has 28 members, and 6 buildings. Each building has had to get flood insurance as of 2015 and now I am the only unit out of the 28 that is having a problem with the insurance company. Our insurance agent states that because we have 6 units in a building we are maxed out at 500,000 per building. The mortgage company states that the coverage needs to be the lesser of the mortgage value or $250,000 per unit. They are grossly miscalculating the insurance coverage. No other townhome in my association has this problem with their mortgage company. How can I get help in the matter? I have many documents from going back and forth with them & if they are doing this to me....who else are they overcharging?