Answers about General Property Insurance

My home was damaged in a hurricane. I received an insurance check and sent it to the bank for its endorsement, but the bank won't remit the funds to me so that I can repair my home.

The loan documents that you signed at your mortgage closing generally give the bank the authority to monitor the work and verify that repairs have been completed.

As national banks have different policies and procedures for releasing insurance claim proceeds, you should review your mortgage loan documents for more information.