I got surrounded by a small accident and be issued a check from my insurance co. My family is really short on currency right now and we be thinking the best thing to do is give up your job the damage on the vehicle and spend the money on food. Is this possible? Can I change a check with my Lienholder (who is my bank) on the check aswell?
Answers: Get an estimate for the damages. filch that WITH YOU when you go to your leinholders organization.
They should "trustingly" sign off on the check and assume you will attain the damages fixed - because you have an estimate!!
Then you're free to spend it on what-so-ever you want to!
If someone else is on the check, you should not know how to cash it. You could of course ask your insurance company to issue the payment to you directly. However, probability are that they included the leinholder intentionally to "force" you to fix your car. Many states don't require you to get repairs, but since you have a loan on the coup¨¦, that damage reduce the value of it, and if you stopped making payments, later the bank would be owed the repair costs too. The insurance company could be forced to settle up twice if they didn't put the bank's name on the check.
It can't hurt to ask them to reissue the check, OR, beckon the bank and ask them if they'll sign the check lacking repairs being made.
I've never see an insurance check issued to anyone other than the vehicle owner. I've never seen the sandbank listed on it. I would ask the insurance company to reissue the check. Yes specifically posible. To cash the check into your statement. But when it comes to fixing the car or what ever you will own to do that out of your own pocket.
No, the lienholder has to sign stale on it before you can currency it. not possible
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Answers: Get an estimate for the damages. filch that WITH YOU when you go to your leinholders organization.
They should "trustingly" sign off on the check and assume you will attain the damages fixed - because you have an estimate!!
Then you're free to spend it on what-so-ever you want to!
If someone else is on the check, you should not know how to cash it. You could of course ask your insurance company to issue the payment to you directly. However, probability are that they included the leinholder intentionally to "force" you to fix your car. Many states don't require you to get repairs, but since you have a loan on the coup¨¦, that damage reduce the value of it, and if you stopped making payments, later the bank would be owed the repair costs too. The insurance company could be forced to settle up twice if they didn't put the bank's name on the check.
It can't hurt to ask them to reissue the check, OR, beckon the bank and ask them if they'll sign the check lacking repairs being made.
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I've never see an insurance check issued to anyone other than the vehicle owner. I've never seen the sandbank listed on it. I would ask the insurance company to reissue the check. Yes specifically posible. To cash the check into your statement. But when it comes to fixing the car or what ever you will own to do that out of your own pocket.
No, the lienholder has to sign stale on it before you can currency it. not possible
Resolved Questions: