by sherix22 » Sat Feb 27, 2010 05:39 pm
claim for roof damage from wind on 8 0f feb insurance check sent to lender gave lender notice that work needed to be done asap befor more rain dam,age still waiting raining now m,ore damage what do i do my home is being damages more this isnt rightm, is there any other way i can get the lender to send me my payment . please any advise
sheri
sheri
Posted: Sat Feb 27, 2010 06:03 pm Post Subject:
Have you called the mortgage company and asked them this question? Personally, I usually start with the obvious.
Posted: Sun Feb 28, 2010 01:08 pm Post Subject:
Did you talk to your mortgage company BEFORE you sent them the draft? Or did you send it assuming they would endorce it and send it back? If the latter, bad move. As Tcope said, call them...another obvious question...why didn't you have the adjuster make the draft to you and the roofer instead?
Posted: Sun Feb 28, 2010 11:35 pm Post Subject:
why didn't you have the adjuster make the draft to you and the roofer instead?
A carrier I worked for would put the mortgage company on the check...no matter the dollar amount. It could have been $2.00 paid and if there was a mortgage company on the risk they were going to be on the check.
Posted: Mon Mar 01, 2010 12:01 pm Post Subject:
A carrier I worked for would put the mortgage company on the check
really? wow, what a pain the butt that would be .. :shock: they must've had to pay a couple of claims twice ! :lol: To be such sticklers!Posted: Mon Mar 01, 2010 02:27 pm Post Subject:
A carrier I worked for would put the mortgage company on the check...
This almost always is the case for me as well for some carriers.
Posted: Mon Mar 01, 2010 10:30 pm Post Subject:
they must've had to pay a couple of claims twice
It was a small mutual company that had been hit twice with double payments. The way they looked at is that they were issuing the check the correct way since the mortgage company was an additional insured.
Posted: Mon Mar 01, 2010 11:35 pm Post Subject:
I agree, when it come right down to it, they can't be called out on it, it's just a pain in the butt for the insured, to get that endorcement and the money to the vendor...I figured they'd been hit a time or two. Most carriers (that I know or have worked for) will allow the vendor on the draft in place of the lein holder..but some of course won't geeeeeeeze what a pain.. :roll: :wink:
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