Claims Equal to or Less Than $40,000 (must be current on your loan payments):
If your claim check(s) total $40,000 or less, we will provide our endorsement upon
receipt of the check(s) and mail the check(s) back to you.
Claim checks are typically processed and mailed back to you within 3 business days
from receipt if all required information has been provided.
Claims Greater Than $40,000 (must be current on your loan payments):
If your claim check(s) total greater than $40,000, we will deposit the funds upon
receipt.
We will issue you an initial check jointly payable to you and your contractor(s)
of choice for the greater of $40,000 or 33% of your claim proceeds.
To receive additional claim funds, you must contact us to order an inspection of
your property repairs.
Click here
to learn about ordering a property inspection.
Checks are typically processed and deposited within 3 business days from receipt
if all required information has been provided.
After a 5 business day waiting period (to ensure the claim check has cleared with
the bank), we will issue you a new check for your claim funds.
If you are behind on loan payments:
If you are behind on loan payments, we will deposit the funds upon receipt regardless
of the amount of your claim check(s).
We will issue you an initial check up to $10,000 jointly payable to you and your
contractor(s) of choice.
To receive additional claim funds, you must contact us to order an inspection of
your property repairs.
Click Here to learn about
ordering a property inspection.
Checks are typically processed and deposited within 3 business days from receipt
if all required information has been provided.
After a 5 business day waiting period (to ensure the claim check has cleared with
the bank), we will issue you a new check for your claim funds.