answersLogoWhite

0


Best Answer

You are not obligated to spend your auto insurance settlement claim check on a particular kind of repair. In fact, after payout, the auto insurance company has no legal ability to control or restrict how you spend your settlement money.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you use the money from the insurance company to buy a new equipment instead of fixing it?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you report a claim to your insurance company can you cancel it if the damage is not worth fixing?

Absolutely


If your insurance company paid you for damages to your car can you use the money for a down payment on a new car instead of fixing the old one?

As long as there is no lien against the old car, you can use the insurance settlement for anything you want. But you won't be able to get insurance on it until it is repaired.


Insurance company feels my car is repairable after accident?

In the event of an accident you would take the car to a repair shop approved by your insurance company and then they would determine whether or not your car is worth fixing or to payout the "Kelly blue book" value of your vehicle.


Is vandalism covered by comprehensive insurance?

Depends on your policy. If probably is if it's extremely serious vandalism, but you might be better off just fixing it out of pocket and not telling the insurance company depending on how much it would cost to fix (since the insurance company might raise your rates based on this incident).


How do you blame someone?

No need. You should be working on fixing the problem instead of fixing the blame.


Can a car insurance insist on paying the value of the car rather than fix the car if the accident is not your fault?

Yes, car insurance can pay the value of the car instead of fixing it. This will happen when the cost to fix it is greater than the current value. It is then not worth fixing, from a financial perspective. This is what is meant when you say that your car has been "totaled" (it was a total loss).


How do you fix Movie Star Planet with adobe?

This isn't the answer but instead of getting advice from a stranger which could possibly be wrong, go to a IT company (a computer fixing place)


If you only have liability insurance and you cause an accident does your insurance cover fixing the other party's vehicle?

Here in Canada we have NO-Fault where each insurer is responsible for their own insured. In that case, the other party's carrier would repair the vehicle, and then subrogate on your company.


What does a break down service provide that your car insurance does not?

Typically a break down cover company offers to come and retrieve your vehicle or if it can be fixed at the roadside fix it and get you on your way. However a car insurance policy only covers the financial cost of fixing the car.


Your computer is under warrantee and you needs fixing?

contact a computer fixing company such as fixties number (818)668-6931


Can you get a loan for fixing up your home?

Yes, there are many finance company available in the market who provides loans for fixing your home.


What auto company has the golden touch when fixing your car?

Midas.