We had a bad fire in our house and total to repair was over our policy limit. The insurance company gave us check with the mortgage company (bank) name, mine and my husband name on it. Because it was a large amount the bank is holding the check and sending checks out as property is getting repaired. They state they can not send us check in full. They are saying they have to see paid invoices from my builder before the send check...how are we suppose to paid the builder without the MONEY!and if the builders estimate is alot higher than our policy limit why should it matter?The bank finally send out an inspection to evaluate progress to insure we are using money to repair after my builder and i keep asking them to send someone for them to confirm progress.Also our policy limit includes our living expense so like I said it was max out.This that right for mortgage company to do this

About The Expert

Amy Bach

Amy Bach has been a professional advocate for insurance policyholders since 1984 and an attorney since 1989. She co-founded United Policyholders in 1991 and serves as the organization's Executive Director and primary spokesperson; shaping and overseeing the Roadmap to Recovery™, Roadmap to Preparedness, and Advocacy and Action programs. She is a nationally recognized expert on insurance claim and legal matters; frequently interviewed in print and broadcast media, and the author of numerous publications including "The Disaster Recovery Handbook", "WISE UP: The Savvy Consumer's Guide to Buying Insurance" and consumer tips and guides in the UP Claim Help Library.  Recognized by Money Magazine as a Money Hero, Bach is in her eighth consecutive term as an official consumer representative to the National Association of Insurance Commissioners, and is a member of the Federal Advisory Committee on Insurance.  In 2019, Bach was appointed to a 3 year term as a member of the American Bar Association Standing Committee on Disaster Preparedness and Response.