My insurance company issued me a check for damages to my vehicle. I deposited it, so I could get my car in the shop, not realizing until I just spoke with them, that the check was made out to my lienholder and me. What can I do, since my bank made the deposit into my account?
Speak with the lienholder. They can go to the insurance company and request a new check, meaning the insurance company will get the money back from you, or you can tell the lienholder where the car is and show him what is being done.
Their interest is that all the funds go toward the repair and that it be done right. If you are keeping money because you had repairs done for less than the estimated cost, the lienholder may object, but he may be comfortable with the repairs and just move forward.
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Speak with the lienholder. They can go to the insurance company and request a new check, meaning the insurance company will get the money back from you, or you can tell the lienholder where the car is and show him what is being done. 