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Consider saving the leftover money from your home insurance claim for future emergencies or home repairs. Alternatively, you could invest it in a savings account or use it to upgrade or improve your home.

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AnswerBot

5mo ago

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What do you do with the leftover money from a home insurance claim?

keep it. You never know when you might need it.


Can you keep insurance claim money for roof repairs?

No, insurance claim money for roof repairs should be used to repair the roof as intended by the insurance policy. Keeping the money for other purposes may be considered insurance fraud.


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.


Where does insurance claims money come from?

When you get insurance on a car, a house, a boat, you pay the insurance company money, known as premiums. The insurance company invests that money. When there is a claim, some of the premium, along with some of the interest from the invested money, is used to pay the claim.


Do you have to claim money on home insurance repairs?

What! Insurance pays for financial losses. I don't understand your question.


If your parked car was hit by an at fault driver and filed a claim with your full coverage insurance will it go up?

Yes, anytime you make a claim to YOUR insurance, it will go up. That's how they get their money back. If you don't submit a claim to them, then no. I do not necessarily agree with the answer above. What you did not indicate in your question was did the person at fault have insurance. If they did then even though you filed a claim and your carrier paid you, they would likely recover from the at fault person's insurance. In this circumstance you insurance should not go up.


Can you file a claim with your auto insurance with a driving while intoxicated?

You can file a claim with your auto insurance even though you had a DWI. You may or may not get something. There is a difference between filing a claim and collecting money.


How long do you have to wait to receive money on life insurance?

Once you file a claim properly you should have the death benefit check in a few short weeks.


What is the money an insurance company gives you if you make a successful claim called?

compensation


Can a landlord and his insurance claim money from you for a kitchen fire?

Your "Renter's Insurance" should be the one paying the claim. It is your responsibility as a tenant to report any property damage to the landlord, and at the same time it should have been reported to your insurance carrier. If, per chance, one does not have renters insurance (which escapes all understanding why one wouldn't have this) then the tenant is responsible for all damages above what is considered normal wear and tear.


How do you file a personal injury claim?

First you should get a lawyer one who does not receive any money until the claim is settled. His payment should be agreed on before he is hired. The lawyer should only receive e money if your case is settled in your favor. After hiring a lawyer have them check to see if you have pip insurance. PIP insurance is personal insurance protection. If you have this fill out the paper work asap. The other good thing about having this is that it will not affect your insurance rates. This type of insurance will allow you to receive money to pay doctor bills and replace money lost do to lack of work.


What does the dental office have to do when a dental insurance company overpays on a claim?

Refund the money to the insurance company and bill the patient for the difference.