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how home insurance reimburse if house is lost?

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Posted: Thu Nov 17, 2011 3:57 pm   Post subject: how home insurance reimburse if house is lost?   How does home insurance pay, if the house gets totally damaged by a covered peril? _________________ Register Now to have your Insurance queries solved.	Jecobatsley Guest
Posted: Thu Nov 17, 2011 6:59 pm   Post subject:    It pays according to the terms of the policy. Vague answer fits vague question.	tcope Forum Expert Joined: 22 Nov 2006 Posts: 5199 Location: Salt Lake City, UT 286.08 Dollars($)
Posted: Fri Nov 18, 2011 11:50 am   Post subject:    The query is really not clear and specific. As far as my knowledge goes, if your house is properly insured and suffers a total loss and If there is a mortgage then the mortgage company is generally paid first before any remaining money is disbursed to you. Usually the check is issued with both the owner and the mortgage company as payees. The mortgage company needs to endorse the check first and then you endorse it to cash it.	Monawayne Preferred member Joined: 12 Sep 2011 Posts: 119 Location: Arizona 11.98 Dollars($)

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