Contact your James Russell Roofing representative to let us know when to meet with you and your adjuster.
Insurance Claims Process Mortgage Check Endorsement
Understanding The Claims Process
Structure Claims Check Procedures
If there is a mortgage on your home, the repairs check will typically be made out to both you and your mortgage company. During the insurance claims process mortgage check endorsement, all named parties will be required to endorse the claims check. In your mortgage company agreement, you agreed to keep hazard insurance in place on your home, lenders also require that their name be added to the insurance policy as an additional insured.
This is the often-misunderstood part about your insurance claims check, the lender gets the same rights to the check as the homeowner. This is usually when the homeowner either gets mad or frustrated with the claims process. When there is a mortgage company or bank involved, it means that your mortgage company or bank will need to endorse the insurance claims check before you can pay your roofing contractor. The mortgage procedures for the mortgage company can be quite lengthy, click on the mortgage check process for a full description of the actual process. The link will take you to a generic but full explanation that should cover you for most mortgage companies.