Personal Finance

Insurance Check Cashing Laws

Category: Personal Finance

If you make an insurance claim for damages to your home or vehicle, the insurance company often pays your benefits by check. As of 2011, if you don't have a loan out on your property, you can use the check for whatever you wish; otherwise, you have to get your lender's endorsement and use it for repairs. You can cash insurance checks either at the bank or a check-cashing store.