Why does my mortgage company have to endorse my insurance check?
Why does my mortgage company have to endorse my insurance check?
The reason that this happens is because the mortgage company is part-owner in the house, and they have an interest in making sure you take care of it. If you’re married and both on the homeowner’s insurance policy, the check would include both your name and the name of your spouse. May 3, 2017
Can I deposit a check made out to me and my mortgage company?
This is standard industry practice. Your mortgage company will also be listed on the check. Your bank won’t cash the check without the signature of everyone involved. You’ll need to endorse the check and send it to your mortgage company. May 17, 2019
What is the difference between primary and secondary home insurance?
Key takeaways: Second home insurance is coverage for other properties separate from your primary residence. Insurance for second homes typically cover the structure of your second estate and the contents inside. Second home insurance policies tend to be more bounded and involve named perils.
