Now that I think about it, I guess I am confused why the insurance agent/company is even involved, other than processing a General Change Endorsement naming the new owner that is taking title to the property. Any settlement for the prorated policy would be handled through the settlement process through a payment from the buyer to the seller. The insurance company would not be involved as the insurance has already been paid for. Why do they need a check?? Whether the seller even wants to get paid for the proration is a matter of the sales contract. The insurance company is totally out of this picture.
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