Chase manhattan bank?

I got a insurance check from my insurance company because my roof is leaking and needs to be repaired. I sent the check into chase manhattan which is my lien holder to sign. They sent it back to me along with a crap load of paperwork to notarize. Basically what they said was I have to sign the check, they will put it in an account and I have to get all this paperwork completed to send back. I will have to pay for the stuff to repair my house, send them receipts and they will refund me. In the meantime, they will send money to the contractor for the repairs but only 90 percent of it. Then they will send an inspector out to check the repairs, make sure it is 90 percent completed then release the rest of the money. Seems to me they think I’m a crook. Is there any way to get around this. I don’t have the money to get this fixed. If I did, I wouldn’t file an insurance claim and allow my insurance to go up. Any help??

what happened with you is, depending on your state, you had some type of damage to your roof. you filed the claim with your insurance company, but the estimate came up to more than $10,000. if the estimate or actual cost of repairing the damage is more than $10,000, then the insurance company is required to put your leinholder onto the check. then you have to go through all of the hassle of getting the check to the bank, notarizing and returning all of the said paperwork, and getting the work started. most contractors (reputable ones, anyway) know how this works and are willing to work with you. the best thing for you to do is contact the contractor after you get the paperwork started with Chase. explain the situation to them, and they will probably begin work. once the work is completed, they will give you a bill, which you will turn in to Chase. Chase will send out the inspector to make sure the work is done and release the check to you.

the reason why this happens and you can’t get away from it is insurance fraud. a lot of big companies were losing their butts off because houses were damaged, insurance companies were paying out, and people were running off with the money and leaving the houses to rot. sadly, if the amount had come to $9,999, your leinholder wouldn’t even be on the check. your best bet is to get the paperwork started, then contact the contractor. it should work out for you. by the way, did you have them tarp your roof until you can get the damages fixed? it’s not a long-tern fix, but it can keep more damage from happening while you are waiting for repairs. good luck!

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