Consignment of Interest in Insurance Claim-landcontracts

What is Consignment of Interest in Insurance Claim

Consignment of Interest in Insurance Claim means that the owner authorizes a representative company or person to act on his behalf for getting a fair as well as an equitable claim incase of damages sustained on the house or the property. It says that the owner will post the settlement of the insurance claim employ the services of the company or the representative and the contract price is to be calculated the same way that the insurance claim settlement was done.

In the Consignment of Interest in Insurance Claim the representatives handle all the negotiations with the insurance companies and they are also considered as payees for all the drafts that are loss payable.

The representative or the representative company as per the Consignment of Interest in Insurance Claim acts as per the best interest of the owner of the property and gets the best possible sum for the damage that has been sustained on the property. However, the person does not bear any liability for any of the damages or the representative or the representative company does not act as per the legal representation at all.

The reason why the company is contacted is so that the homeowner is saved off the hassle as well as the inconvenience as well as the paper work which is associated with the claims process.

This Consignment of Interest in Insurance Claim document is signed by the property owner and it gives the details of the property, the insurance company, the claim number, agent number, the mortgage loan number and other details.

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Consignment of Interest

I, __________________________________________________________________________, authorize THE WESTWINDS GROUP, L.C., to negotiate with my insurance company:

__________________________________________________________________________________
to effect a fair and equitable claim for the damage at:

_________________________ due to _______________________ on, or about _________________

Authorization effective date ________________________

When settlement of claim is approved, the owner agrees to contract for repair or replacement with THE WESTWINDS GROUP, L.C.  The contract price will be calculated in the same manner as the insurance settlement.

This agreement give THE WESTWINDS GROUP, L. C.. authorization to handle all negotiations with the above mentioned insurance company, and to be included as the payee on any loss payable drafts.

THE WESTWINDS GROUP, L.C. agree to act in the best interest of the homeowner in obtaining property damage adjustments, but in no way bears any liability for such damage or acts as my legal representation.

I have hired these agents to avoid the inconvenience and paperwork associated with the claims process and I request you honor my wishes in this regard by dealing with THE WESTWINDS GROUP, L.C. in arriving at the value of my loss.

Property Owner(s): _________________________________ Home Phone: _____________________

Property Address: __________________________________ Work Phone: _____________________

Insurance Co.: _____________________ Agent #: __________________ Claim # _______________

Mortgage Co: _____________________________________ Loan #: __________________________

Contact: _________________________________________ Phone Number: ____________________

SIGNATURE: ________________________________________ Date: ________________________