This study proposes a theory-oriented model that examines the predictors and outcomes of people’s verification of COVID-19 misinformation. Using an online experiment with 400 U.S. adults, this study showed that those who believed that others might be influenced by misinformation and that such influence had serious consequences for others as well as those with a higher level of fear and anxiety were more likely to perform institutional verification by using search engines, prestigious medical sites, or fact-checking sites. The intention to conduct institutional verification increased individuals’ efficacy beliefs regarding correcting misinformation, which motivated them to correct misinformation on social media.