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What else can I help you with?
Is it illegal to keep insurance claim money?
Yes, it is illegal to keep insurance claim money that is not rightfully yours. It is important to use the money for its intended purpose, such as repairing damages or covering expenses related to the insurance claim.
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.
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.
Can you keep life insurance on your ex husband?
You cannot. In case of any claim after your divorce and the policy bond is in your possession, the claim will be summarily rejected by the insurance company. It's advisable to surrender the policy on your ex husband to the insurance company against official receipt.
How can I dispute a health insurance claim?
To dispute a health insurance claim, you can start by contacting your insurance company and providing any necessary documentation or information to support your case. You can also request a review of the claim by a third-party organization if needed. Be sure to keep detailed records of all communication and documentation related to the dispute.
Is it illegal to keep insurance claim money?
Yes, it is illegal to keep insurance claim money that is not rightfully yours. It is important to use the money for its intended purpose, such as repairing damages or covering expenses related to the insurance claim.
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.
Can you take the insurance money and sell the property as is?
Yes. Keep in mind that claims count against you so sometimes if you don't intend to do the repairs it is better not to place the claim. 4lifeguild
What do you do with the leftover money from a home insurance claim?
keep it. You never know when you might need it.
If I were in an accident and the other driver is faulted there insurance provider has paid the claim do I need to have the auto repair done or can I keep the money?
You can keep the money. You don't have to repair the car.
If insurance declares a car totaled can you cancel the claim and keep the car?
You can accept the claim and then buy back the car. This way you get money for the claim and you get to keep your car. The price for the car will be way lower at the totaled price than what you will receive in the claim.
What do you do if there is money left over after you pay the body shop for repairing your car after an insurance claim?
You get to keep the money you have left over after paying the body shop. It is considered part of your insurance settlement.
If you filed a claim on your auto insurance to have repairs made would it be legal to keep the money and not have your vehicle repaired?
this is a tricky question, ''illegal'' doubtful...dishonest, maybe...also many factors are dependent...first party? second party? more info is needed...
If I am in an accident and the other driver has no insurance and my insurance provider has paid my claim do you need to have the auto repair done or can you keep the money?
The money is for an autorepair. I would recomend using it for that, or the insurance company can possibly charge you with intent to defraud.
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
If you get your claim money for damages to your house from the insurance company and find a contractor to do the work for less can you keep the extra money from the claim?
Yes, you can keep the extra money you saved by finding a contractor to do the work cheaper than what the insurance company estimated. The insurance company prepared an estimate of the damage. If you could not find a contractor to do the work for what the insurance company estimated, you could ask them for more money. If they chose to pay you for the damage before it was fixed, they cannot ask for it back if you got the work done cheaper.
Can a mortgage company keep the unused portion of insurance claim money when the job is completed and inspected in tennesse?
No. It would have to be sent back to the insurance company if they paid too much.
