If you got a check in the mail from your insurance company but they didn't owe you any money is it yours to cash?
I work for an insurance company and the first thing i would do would be call them don't mention the cheque but just enquire the status of you policy as they may have cancelled it and that's you refund. It your policy is ok then it could just be that the insurers premium was less that original quoted or due to the new FSA requirements they have been holding on to some money that now they have to refund. think its very poor that they did not tell you why very bad customer service.
I cashed a check from a insurance company at a check cashing store and they notified me 4 days later that a stop payment had been put on it and now i am being told i am liable for the money?
If you received money that you were not entitled to and you deposited the insurance check into your bank account and the money was a payout from an insurance claim, the insurance company can swipe the money out of your account without your prior knowledge for up to 3 years. If you received money as a result of a criminal act, the statute of limitations for that crime would guide the insurance company's timeline.
Had an accident and the van is a total loss Insurance gave you a check with your your husband's and the finance company's name will the bank cash this with just my and my husband's signatures?
In many cases the insurance company doesn't check your driving record unless you have an accident or some other type of claim. Use the good old rule "Don't Ask Don't Tell". It cost the insurance company money each time they check someones driving record with the DMV. And you know the insurance companies are not interested in spending money, except on advertising that is.
Can you request a check for damages from the insurance company of the driver who caused the accident and not get your car repaired after an auto accident?
When you file a Homeowners insurance claim does insurance company cut check to you or your mortgage company?
It depends on the language of the policy. Some cut a check directly to you if the claim is under a certain monetary amount. But usually according to you escrow documents, the contract says the bank will need to be put on the check. If they cut a check to you mortgage company you name will also be included on the check and they will mail the check to you. The insurance does this for…
When you still owe money on a car and it is totaled who does the insurance company pay the money to?
The language changes depending on where you live. If you borrowed directly to buy the car the Bank or Finance company will Be registered with your insurance company and they will be paid. If there is money left over you will get a check from the bank or the insurance company depending on what lender and where you live. If you went to the local title loan place you may be paid direct but if…
If you have settled a car insurance claim do you have to use that money to repair your car if the person who hit you had the same insurance company?
If you have your check from the insurance company you are free to do whatever you want with it. Insurance claims are based on indemnity, restoring a person or property to its previous condition. Most insurance companies do this monetarily. Once the check is in your hand it is yours and the insurance company has no say in where it goes. In some cases they may pay a shop directly once repairs have been done…
If you receive an insurance claim check made out to the body shop and you and you want to make your own repairs can the check be re-issued to you?
When an insured purchases an insurance policy they pay the insurance company money for the insurance coverage. This money the insurance company collects is called insurance "premiums". The insurance company, using the law of large numbers, collects more money in premiums than it pays out in claims. The insurance also makes alot of its money by taking the money earned from premiums and then investing it. As we all know that Life insurance policy cash…
You need to call your insurance company to remove the vehicle from your policy. If you are getting a new vehicle, you need to add that vehicle on. If you are not getting a new vehicle, the insurance company will send you a check for whatever amount of money you had left on the policy that was not earned because you did not have the policy for the full term.
I cancelled my home insurance with one company and opened a new policy with a different company but had overlapping coverage for a short time am I entitled to a refund.?
It depends on whether you have a mortgage loan or not. The previous insurance company will send you a check for the excess amount paid to them, but if there is a lien on your property and your insurance check is set up in an escrow account, then you will have to sign and forward that check to your lender. That money will then go into the escrow account and sit there until the lender…
How long to get a check from your insurance for your totaled car when you are at fault and the other car has minor to moderate damage?
If you have comprehensive and collision the insurance company covers your car for loss. Unfortunately, most people don't have comp & collision after the car is paid off. If the bank still has an interest in the car, they will make demand of the insurance company and the BANK will be paid first. After that, if any money is left over you might get a check.
If a patient is given a check from the health insurance to pay a doctor but you keep the money what happens?
If your vehicle was damaged while in parking gear and the insurance company refuses to pay for transmission damage what recourse does one have?
Are you asking about transmission problems that someone hit you while in park? Or that you didnt have money to fix it and asked the insurance company to help? If its the first scenario, you will need proof that the damage done to your transmission was a direct result from that accident. If its the second one, your insurance doesnt have to pay anything, as that's what warranties are for, not insurance policies.
Can you submit estimates to your mtg company to get your escrow insurance money or does the work need to be completed first?
The buyer of our home agreed to fix the hail damaged roof and the insurance company sent a check can you keep it without repairing the roof?
There are a couple considerations: Yes you can if: The shop you chose is not baned by the paying insurance company The insurance company approves the repairing shop They repairing shop will do the work for the money provided by the insurance company OR You are willing to pay the remaining amount the insurance company wont cover. I have done this to get a shop I trusted but wanted "To Much Money" for the repair.
my mortgage balance is less than the total loss insurance claim check, how do i get the money difference to rebuild? I would like to keep the loan in place and have the money to replace the home that burned, the check is made out to both of us, mortgage company and us. Will they refund the money or pay off the loan? I need the balance to make improvements on the home that we…
It is a question of honesty..... If you told the insurance company you were going to do it yourself and their check is for materials and some of your time then this would be OK. However, if your claim quote was for a builder to make the repairs, then their check is for this work and you should tell the insurance company that you intend to do the work yourself or you will be defrauding…
If you get your claim money for damages to your house from the insurance company and find a contractor to do the work for less can you keep the extra money from the claim?
Yes, you can keep the extra money you saved by finding a contractor to do the work cheaper than what the insurance company estimated. The insurance company prepared an estimate of the damage. If you could not find a contractor to do the work for what the insurance company estimated, you could ask them for more money. If they chose to pay you for the damage before it was fixed, they cannot ask for it…
Can a doctor's office keep a credit card number of file to charge me in the event that my insurance company doesn't pay him within 30 days and then reimburse me when he finally receives the payment?
Yes. Typically, it is the patient's responsibility to pay. The doctor's office will file the paperwork for you (usually) with the insurance company. But, if the insurance company doesn't pay them, then they will have to get the money from you. If he does get the money from you, then you can go to the insurance company and ask for reimbursement, or wait for the doctor to reimburse, when he finally gets paid from the…
Can you cancel your auto insurance midway through the term if you can get a better rate from another company?
How do you get your mortgage company to release your insurance check Adjuster reported home is completed Mortgage company wants to send last check to a contractor?
Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by…
I would hope they wouldn't! If your house is being taken away because you are not paing them back, they are owed the money, not you. A bank would not assist in that theft of money. I would believe that there would be criminal issues involved if you cashed that check anyway. Their name is on the check for a reason, they are protecting their money that is not being paid back.
Of course not. The hospital would issue a refund to the insurance company if they overpaid on a claim. Generally on a large claim, an audit is done at the end of the claim to check on such things. It is illegal for an insured to make money from overpayment from an insurance company or a combination of insurance companies. If you have more than one policy you cannot collect more that the amount of…