Insurance Roof Claim & Mortgage Check Endorsement

By: Heather Coker | January 2021 @ 4:01 pm

There are many insurance roofing claims every day. Most homeowners are not aware of the insurance claims check policy with the majority of the insurance companies in the United States. 

If you have roof damage and file a claim with your insurance carrier, and have a mortgage, there is a 90+ percent chance you will have to deal with these procedures. Most insurance companies will put your name on the claims check, but they will also add the name of your mortgage company. This will leave you having to deal with this. 

There are a few mortgage companies that are very helpful, but most just don’t care, Afterall it’s not their money. There are a few things you can do to prevent your insurance carrier from adding the mortgage company to the claims check. If you have a top roofing contractor that you trust, ask your insurance adjuster to add the roofing company’s name to the check as an additional endorsee. In many cases, the insurance company can do this one step and prevent you from having to deal with all the other headaches. You can get the roofing company to go ahead and endorse the check, deposit it and write the roofing company the deposit they require. You can make your last payment for your roofing claim once the full roof installation is complete. 


If the insurance company will not do this and you do not want to deal with the headache most top roofers will be happy to deal with it. You will at this point need to sign a third-party agreement with your roofing company and in some cases go ahead and endorse the claims check. In most cases, this will depend on the amount of the check. In many cases, if the check is over $10,000.00 the mortgage company will want you to endorse the check so they can escrow it. Be careful here and make sure you fully understand the procedures of your mortgage company. At the end of the roofing job this could hold up your last check from the mortgage company and when the job is complete, you, as the homeowner are responsible for the final roof payment, not your mortgage company. 

Be sure you have a clear understanding of your insurance company, mortgage company, and your roofing company. The last thing you want to happen is to get your new roof installed and then your mortgage company is holding your money and not be able to pay for it. In the Memphis Tennessee area call James Russell Roofing and have a true roofing pro help you with this and many other potentially frustrating situations when getting a new roof. 

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