US Bank Complaint - Refusal to release insurance check.
OSKOSH, WISCONSIN -- I had a boat that was damaged in Hurricane Rita. The insurance company sent a marine surveyor to get an estimate. They then sent a check to me and US Bank (the lien holder). I sent the check to the bank to be endorsed so I could cash it and begin repairs. I was told that they needed a copy of the estimate. I had the insurance company send them a copy. Now they are stating that the insurance companies estimate is not good enough for them to endorse the insurance check. It was good enough for the insurance company to print the check. I was told that they "had to protect their interest". When I said I just would not get the boat repaired I was told "that is up to you". I don't see how me not getting the boat repaired is "protecting their interest". I have never signed any paper giving US Bank control over my insurance claims with the insurance company.