How do I assign my P&C claim proceeds to my contractor t
by Guest » Sun May 01, 2011 03:49 am
I have filed a claim with my carrier to cover a flood event. damage is estimated at 500k. Have a $1 million policy with a good insurer.
Total Comments: 1
Posted: Mon May 02, 2011 06:15 am Post Subject:
You can talk to your insurance company about the possibility of assigning the payment directly to the contractor. If you have a lienholder/mortgage holder on your property, it will most likely not happen, as checks will be written in both your name and theirs, not your contractor's.
Posted: Mon May 02, 2011 06:15 am Post Subject:
You can talk to your insurance company about the possibility of assigning the payment directly to the contractor. If you have a lienholder/mortgage holder on your property, it will most likely not happen, as checks will be written in both your name and theirs, not your contractor's.
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