What should I do?
Back in January, I was in an accident caused by an elderly driver. The insurance company sent me a check, but it never arrived. I contacted them this past Monday, and they issued a new check, which I received on Wednesday. Today, the original check finally arrived. Can I cash this original check and inform the insurance company on Monday to stop payment on the new one, so I don’t cash it when it arrives? Is the first check no longer valid?
It’s important to be cautious in this situation. Since the original check was issued and has now been delivered, it generally remains valid unless the insurance company has officially voided it or placed a stop payment. However, if you cash the original check, you should definitely inform the insurance company about it to avoid any potential issues with double payments.
Here’s what you should consider doing:
Contact the Insurance Company: Before taking any action, call the insurance company and explain your situation. Let them know that the original check has been delivered and ask if it is still valid.
Cashing the Check: If they confirm that the original check is still valid and you can cash it without any issues or penalties, then you can proceed.
Stop Payment on the New Check: If you cash the original check, ask the insurance company to stop payment on the new one to avoid any complications down the line.
Keep Records: Document all communications with the insurance company and keep both checks until everything is resolved.
Legal Advice: If you’re unsure about the legalities or implications, it might be a good idea to consult with a legal professional for personalized advice.
Take care and make sure you have all the information you need before proceeding!