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Updated 9 months ago,
Insurance claim check under personal not llc
I am writing to seek clarification regarding the insurance claim check that was recently issued to me as the payee, with both my personal name and the mortgage company's name listed. The property in question is a rental property owned by my LLC, while the insurance policy is under my personal name.
Given this situation, I would like to inquire if it is possible for the mortgage company to endorse the check, even though it is issued under my personal name. My intention is to use the insurance claim funds to pay off the mortgage on the rental property.
I would appreciate any guidance or assistance you can provide in this matter. Thank you for your attention to this issue.
Jordan