7 Tips to Help Your Mortgage Company Get Your Claim Checked


Posted December 15, 2020 by pearlsmith

Dealing with the trauma of damages done to your property by floods, hurricanes, and other natural factors, as well as human factors like fire or thefts, is challenging.

 
Dealing with the trauma of damages done to your property by floods, hurricanes, and other natural factors, as well as human factors like fire or thefts, is challenging. What makes the task even more daunting and overwhelming is that your insurance company does not make it all very easy. Your insurer can make your life difficult in getting your claim settled. The first step in the process is filing for the claim and offering supporting documents where you need the professional assistance of the town's best public adjusters.

The second step in the process is when your insurance company sends you a settlement check, including your mortgage company in the check's payee. The second round is where you need the mortgage company to get your claim checked and endorsed to get your money.

These are the seven tips to Help Your Mortgage Company Get Your Claim Checked.

Before you move ahead, you need to involve the services of a leading public adjuster company. Cohen & Associates are one of the public adjusters, based out of Dade, Broward, and Palm Beach in Florida.

1. In this case, the best thing to do is keep the check with you and not courier it to the mortgage company. The chances of you getting the money fast and seamlessly get reduced to a great extent.
2. Find one of the local branches of the mortgage company. Fix an appointment and go and sit with the representatives at the company. The objective is to try and get the check endorsed. That is why it is essential to have a sound working relationship with the mortgage company or the bank.
3. If the mortgage company has no local branches, you need to contact them over the phone or email and let the bank know that you have received the insurance company's check with the payee as the bank. You will be referred to the Loss Drafts Dept.
4. On speaking with the mortgage company, you will receive information about how to go about getting the check endorsed by them.
5. When the repair work at your property is completed, request officials from the mortgage company to inspect the same. Once they approve the repairs, you can now mail the check to them for endorsement.
6. In case there is an issue, speak to the department's head or someone who specializes in this niche.
7. It would help if you were calm and composed and ask for what you deserve or the cost of repairs.
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Issued By Pearl Smith
Country United States
Categories Business
Tags insurance adjusters , public adjusters
Last Updated December 15, 2020