Insurance Claim Check Endorsement Chase
After you get the insurance claim check back with our endorsement all the parties listed on the check will.
Insurance claim check endorsement chase. This money might be for a mortgage insurance or for homeowner s insurance claim. We know that repairing your home can be difficult and time consuming so we want to help you get back to normal as soon as possible. Just when you think you are making progress by getting the insurance check in the mail you notice your mortgage company is listed as an additional payee and an endorsement will be required.
They re required by the mortgage company to include them on the check for repairs. When you don t have to use insurance claim check money to repair your car. The second payee is often the bank.
Insurance companies don t deliberately set out to make your life more difficult. If you own your car outright and your insurance company cuts you a check after you file a claim you can technically do whatever you want with the money after you ve cashed it like go on vacation or buy a new tv. This is always exciting especially when you have a roofing contractor that is anxiously awaiting payment.
They want to be included on the check to ensure this happens. Bring the insurance claim check into a chase branch or mail it to us at the address provided on the cover sheet. Without the bank s signature you won t receive any of the money.
The check cannot be cashed. Lenders want to make sure they re fully aware of any insurance payouts taking place on their properties. You must get the permission of the other payee named on the check to receive the money.
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