Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim

Overview

 

What happens when you add a Mortgage Lender or a Lienholder to a claim check?

 

Though it may seem like a small deal, adding a Lender to a claim payment can reap significant consequences on Insurance Carriers and their Policyholders.

 

This real-life case study tells the story of a house fire insurance claim turned nonsensical wild-goose-chase. These Policyholders spent four months living in a hotel, waiting for the check that was supposed to restore property and their lives. What happened instead?

 

    • A “wrong” Policyholder name that obstructed flow of funds
    • A missing check that prompted FBI involvement
    • Delays that led to tens of thousands of additional living expenses (ALE) for the Insurance Carrier

 

Why settle for an outdated claims process that only leads to bad outcomes?

 

Read this case study to discover how sureti is removing the Mortgage Lender from the claim proceeds equation.

You may also like

Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim
January 24, 2024
CFM Insurance Successfully Implements sureti Property Claim Payments
Simplifying and streamlining claims payments for an unparalleled customer and contractor experience
Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim
October 22, 2023
Strategic Advisory Board Elevates sureti’s Property Claims Resolution Capabilities
A Distinguished Group of Leaders Will Help Shape and Guide sureti's Strategic Initiatives As Well as Advise on How Best to Serve its Insurance and...
Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim
March 8, 2023
Restoration Industry Association (RIA) and sureti Announce Partnership
The Restoration Industry Association (RIA) and sureti have announced a strategic partnership to help RIA members accelerate claim settlement payments.
Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim
February 27, 2023
sureti Joins Guidewire Insurtech Vanguards Program
sureti, a premier third-party Fund Control company in the Property Insurance Claim ecosystem, announced today the company has joined the Guidewire Insurtech Vanguards Program
Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim
January 30, 2023
sureti achieves SOC 2 Type 2 compliance
sureti achieves SOC 2 Type II compliance, demonstrates credibility as trusted fund control partner
Private: Loss Proceed Pitfalls: How a Name Can Wreck a Claim
November 16, 2022
Christopher Longano joins sureti as VP of Growth
Christopher Longano, CPCU has joined the company as Vice President of Growth. In this role, Longano will expand sureti’s offering to Insurance Carriers and collect...