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JP Morgan Chase Loss Draft General Information
  • Phone:JP Morgan Chase loss draft phone numbers
  • Fax:JP Morgan Chase loss draft fax numbers
  • Regular Mail:JP Morgan Chase loss draft mailing address
  • Overnight Mail:JP Morgan Chase loss draft overnight mailing address
  • Monitor Amount:JP Morgan Chase loss draft monitored amount
  • Email Address:JP Morgan Chase loss draft email address
  • Web Address:JP Morgan Chase loss draft web address
REGISTER FOR ENDORSEMENT CHECKLIST
Required Documents for JP Morgan Chase Endorsement
Total Claim Under $10k-20k, $20k-40k, $40k
Total Claim Over $10k-20k, $20k-40k, $40k
Tips & Techniques for JP Morgan Chase Loss Draft Department, Insurance Claims Department

As of 4-2015 JP Morgan Chase has updated and changed their insurance claims, loss draft information and procedures. First, they are now back to one overnight address and one fax number, which are listed above.

For monitored claims JPMorgan Chase has made things more complicated by adding various levels of 'monitored.' Please read the below descriptions carefully to see which procedures you will need to follow, and which documents that you will need.

Any claim on a current status loan that is under $10k is non-monitored. They state that this is endorse and release, you will simply need to send the check, and of course should have your Third Party Authorization.

Any claim on a current status loan that is between $10k-$20k they call 'non-monitored,' but you will need to send the Adjuster's Worksheet as well as have an inspection.

Any claim on a current status loan that is between $20k-$40k they now call 'express monitored.' For their 'express monitored' claims they require: Adjuster's Report, Declaration of Intent Regarding Claim Funds, Conditional Waiver of Lien, Contractor W-9, your signed Contractor's Bid, and finally your inspection.

Any claim on a current status loan that is over $40k is monitored. For monitored claims they require: Adjuster's Report, Declaration of Intent Regarding Claim Funds, Conditional Waiver of Lien, Contractor W-9, your signed Contractor's Bid, Contractor's License, and finally your inspection.

In our own minds, anything that requires and inspection is 'monitored,' so I guess the best way to describe JP Morgan Chase's new system is that any claim on a current status loan that is over $10k is going to need some documentation and inspections. Know this ahead of time, as well as getting your Third Party Authorization and Your Company will be one step ahead.

Now go and get Your Money Faster!