Disbursements from insurer or mortgage company? Denise Hamilton asked 1 month ago
Disbursements from insurer or mortgage company?

During the rebuild after the Eaton Fire, when should I request disbursements from my insurer versus my mortgage company, given that both are holding funds?

My mortgage company is holding a portion of the insurance payout and will need to disburse those funds.

My insurer is holding code upgrade funds and recoverable depreciation (the timing of code upgrade payments is clear).

Also, am I required to use the funds I’ve already received before requesting additional disbursements from either party?

 

1 Answers
Alexis 'Lexi' Ricci Alexis \'Lexi\' Ricci Staff answered 1 month ago
0 Vote Up Vote Down

Hi Denise,

These are great questions and UP has provided some very good resources regarding working with your lender and recovering additional payments owed from your insurer (for depreciation and code work). We would encourage to review these resources in detail, which you can find here

Warmly, UP Staff