answersLogoWhite
Insurance
Auto Insurance
Auto Insurance Claims

If you have settled a car insurance claim do you have to use that money to repair your car if the person who hit you had the same insurance company?


Top Answer
User Avatar
Wiki User
2015-07-15 18:52:53
2015-07-15 18:52:53

If you have your check from the insurance company you are free to do whatever you want with it. Insurance claims are based on indemnity, restoring a person or property to its previous condition. Most insurance companies do this monetarily. Once the check is in your hand it is yours and the insurance company has no say in where it goes. In some cases they may pay a shop directly once repairs have been done. If you have already received a check then you are being paid based on an estimate or appraisal. The assumption is that you will fix your car but they won't necessarily check up on you afterwards. It has no affect which two insurance companies are involved.

Related Questions

User Avatar

An insurance claims adjuster is a person who decides how much money their company is going to give you for your loss.AnswerAn insurance claims adjuster is a person who coordinates damage reports, loss and damage repair estimates to assist the insurance company in determining the monetary value or repair cost of your loss.

User Avatar

Do I need to get a licensed company to do my roof repair work? For insurance reasons?

User Avatar

I would think that you would have to repair the car either through your insurance company or through the insurance you paid for when renting the car.

User Avatar

To check if there is a local repair shop that will take your car insurance you will have to talk to your insurance provider and get a list of local repair shops that service their company.

User Avatar

this depends. if you say have an accident with your car and it is your fault you will have to repair your car and repair another car that you may of hit. however it you buy insurance from an insurance company then the company pays for it.but there are many different types of insurance so i would recommend a company like ISelect which asks you a phew question about the insurance you want and they choose the best insurance deal for you.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.