I have a insurance claim check made out to my mortgagee and me. Can I deposit it in my account?
If the word "and" or an ampersand ("&") appears between the payee names, the check requires the endorsement of both payees before it can be deposited or cashed by either of them. The reasons the insurance check might be drawn that way is to ensure that the mortgagee has an opportunity to assure itself that any property damage impairing the value of its collateral has been repaired. Contact the mortgagee to find out how to go about obtaining its endorsement.
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If the word "and" or an ampersand ("&") appears between the 