I signed both insurance checks and escrow refund checks made out in the seller’s name, as “myself, attorney in fact for …”. On one occassion I was requested a power of attorney which they made a copy of. On the other they did not ask for anything, as the teller knew me as a guy “who always brings all kinds of checks to deposit”.
What is the proper endorsement for cashing an insurance claim check when using Power of Attorney? The check is made out to the Seller. Can I merely sign the Seller and deposit it into my account?
I had occasion to cash a check using a limited power of attorney not too long ago. Not knowing exactly how to endorse the check…I called the bank.
The bank hooked me up with a guy who suggested that I come in a show him my paperwork. So I did that. At the completion of this, he suggested that I just sign the seller’s signature and deposit the check…which I did. I laughed to myself at the time, wondering why I had felt the desire to have a power of attorney if the teller was not going to look at the check, or the power of attorney, but was simply going to deposit the check.
Personally, I think the check should be signed by you, as attorney in fact for XYZ Seller. But rather than to accept my opinion, I would do as I did…call the bank. Chances are they will look at your power of attorney, and then tell you what they want you to do.