For the unfamiliar, the insurance claim process is quite confusing. Here, we bring a scenario involving a homeowner’s wish to have a claim processed along with the most common questions posed to the professionals. It is our hope that through the dissipation of these along with the answers, the topic will become clearer and the process will not be seen as daunting.
How would a leading insurance carrier handle a home claim in regard to payment?
A: We’re providing an example of some of the top companies here. In the event a claim is brought about home damage, the company would seek a repair estimate. Immediately upon receiving the estimate, the company would issue a payment check. In certain instances, where extra living expenses or temporary repair work is necessary for safety purposes, the insurance might even make advance payment of the emergency situation.
It is common to see the claimant’s mortgage company written on the payment check. Why is