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What if your car repairs are cheaper than what your insurance company estimates do you have to return the money?
This depends on what type of settlement you took for the damage.
If the insurer is paying then they only are required to pay the actual invoice.
If you took a "settlement" and did some of the repairs yourself and had some done for less than the estimated amount you get to keep the overage.
It is important that both you and the insurance company agree what is going on!They can claim fraud if this is done wrong
What else can I help you with?
Can you refuse to have an insurance company carry out repairs to your van and do them yourself after an rta?
after an insurance company is involed after a road traffic accident can i refuse thier offer and do the repairs myself
How many bids should you get when need collision repairs?
When you have experienced an accident which involves costly repairs, it is advisable to get estimates from at least three auto repair shops. These three estimates are for insurance purposes as well as keeping all parties involved honest about the repairs needed.
How do I Collect the depreciation from Homeowners insurance claim?
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
Can you do the home repairs yourself and get paid by homeowners insurance?
Just contact your Home Insurance Company and ask them about it. Many companies are fine with this for small claims or minor repairs.
Can I keep the insurance money for my roof repairs?
Whether you can keep the insurance money for your roof repairs depends on your policy and the specific circumstances. It's important to review your policy and consult with your insurance company to understand the terms and conditions regarding the use of the funds for repairs.
Will your auto insurance company pay for repairs if the total amount of repairs is more than what the car is worth?
In my experience, in a number of countries, Auto Insurance companies will not pay for repairs unless the repair is result of an accident. Then only what the car is worth.
What happens if your insurance company has allowed more for your roof than the estimate who gets the balance of the money allotted in the claim?
The amount initially reserved for a claim is called the reserved amount. This is the amount the insurance company estimates through observation may eventually be necessary to repair the damage. The final amount paid could be less or more than the amount initially reserved for a claim. It is not uncommon for the insurer to reserve a certain amount and then wind up paying much more before all repairs are completed. The insurance company knows that once repairs begin, other damages could be revealed that were not readily apparent upon initial inspection. The bill could rise as the repairs progress. This is why it's usually best to let your insurer deal with the roofing company directly. If the company has sent you a check as final settlement, meaning that is all they are going to pay and they have closed your claim and you mange to get the work done cheaper than the settlement, then you are allowed to keep the balance. If the insurance company is dealing directly with the roofing company they will pay the amount of the final repair bill, not the estimate.
Will you get a final check after all repairs are completed from the insurance company?
Some insurance adjusters will write you a check for the immediate repairs that are noticeable, However generally there are many repairs the adjuster does not notice until after the job is complete and or the job costs more than what he has allocated in any event you have the right for a reconsideration on all aspects. If the insurance company fails to fund as needed contact your state commissioner of insurance he/she will be glad to investigate the insurance company .(Insurance Companies worst nightmare because if they have many complaints the insurance commissioner can bar them from soliciting or providing insurance with in the state. Hope this helps
Miguel has 500 deductible on his comprehensive insurance policy If his car repairs total 1780.75 what amount will the insurance company pay?
$1280.75
Do you have to use insurance money for repairs?
In most cases, if you have insurance coverage for repairs, you are required to use the insurance money for those repairs.
What criteria does an insurance company consider when determining whether to total a mobile home?
An insurance company considers the cost of repairs compared to the value of the mobile home when determining whether to total it. If the cost of repairs exceeds a certain percentage of the home's value, typically around 70-80, the insurance company may decide to declare it a total loss.
Can you pay your auto insurance deductile after repair work is done?
I think this depends on the insurance company. When I was in an accident (I was at fault), the insurance company required my collision deductable up front before they started repairs on my car.
