flood insurance check

Message Author
ampm-bookmark
delicious-small Add to del.icio.us
yahoomyweb-small Add to YahooMyWeb
simpy-small Add to Simpy
blinklist-small Add to BlinkList
PostPosted: Thu Nov 05, 2009 6:07 am   Post subject: flood insurance check  

why can we not get all of our insurance check from the mortgage company up front.
_________________
Register Now to have your Insurance queries solved.
Guest






PostPosted: Thu Nov 05, 2009 6:41 am   Post subject:   

Mortgage companys will many times hold the insurance check and release it in phases. A portion for the contractor to get started. A portion in the middle. The remainder once repairs are complete. The mortgage company has a vested interest in the property (basically they own the property and you just live there and take care of it). This process allows them to make sure repairs are completed and the dwelling/building is restored in the event you vacate or foreclose and they are left with a mess.

This usually depends on the mortgage company and/or amount of the settlement, or type of damage.

_________________
Can I say I’m working if I stare blankly at my computer all day?
Dasfuk
Senior member
Leave a quick message

Dasfuk
Joined: 27 Feb 2008
Posts: 597

Location: Ohio
24.03 Dollars($)

PostPosted: Fri Jan 08, 2010 7:06 pm   Post subject: address to send a check from insurance co.  

I receive a check from the insurance co. made up to my husband and mortgage co. What is the address to send the check in order to start repairments?
_________________
Register Now to have your Insurance queries solved.
Eva
Guest






Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1


Get Free Insurance Quote
*State:
*Insurance type:

Ask Community Experts

flash plugin

Quick Links
Must See
Community
Insurance on Facebook
Hot topics in forums

Latest in blogs



Page loaded in 0.259 seconds.