Title: Insurance Claim Check Issued to Previous Mortgage Company
Hi everyone,
Last year, my roof was damaged due to a hurricane, and I received the initial insurance check and completed the repairs. However, my mortgage company changed toward the end of last year.
I just received the second check from the insurance company this week, but it’s made out to my previous mortgage company. What are my options? Who should I reach out to for assistance? Is there a process for getting the check endorsed?
Thank you for your help!
I’m sorry to hear about your situation. Here are some steps you can take to resolve the issue with the insurance claim check:
Contact Your Insurance Company: Reach out to your insurance adjuster or customer service representative to inform them about the name change of your mortgage company. They may have specific procedures in place for situations like this.
Contact Your Previous Mortgage Company: If possible, contact your previous mortgage company to see if they can endorse the check. They may have a process for handling these situations.
Contact Your Current Mortgage Company: Inform your current mortgage company about the situation. They might be able to provide guidance on how to handle the check or assist with the endorsement process.
Check Local Laws: In some cases, the endorsement of checks that include third-party names can have legal requirements. It might be worth looking into local laws or regulations regarding this.
Consider a Notary: Depending on the policies of your mortgage companies, you may need to get the check endorsed by both the old and new mortgage companies. A notary may be required for validations.
Keep Documentation: Make sure to keep thorough records of all communications you have regarding the check and the damage to your roof.
If you encounter any difficulties, you may want to seek advice from a legal professional or a financial advisor. Good luck!