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I have a question about insurance?
Let's say your car is damaged in an accident that's not your fault. You own your car outright and owe no money on it. The other driver's insurance issues you a check to cover the damage to your vehicle. Let's say the damage is superficial and the car is not unsafe to drive. Nothing says you have to repair it, right? I mean you could just take that check and buy a new car if you wanted. Or take a vacation! The check was simply to reimburse me for damages sustained, correct?
I only ask because I have some people trying to tell me that would be insurance fraud and I think that's incorrect.
2 Answers
- 1 decade agoFavorite Answer
The only thing that would happen is if you decided not to fix the vehicle the insurance company will not repay out on a loss for that vehicle again if the repairs were not fixed.. But its up to you.. If you decided you don't want to fix it and just take the cash that is "YOURS"
I was rear-ended and they gave me around $400.00 to repair a crack in my bumper however the body-shop advised me its no defect to the car so i took the cash : )
Have some fun with it..
- SomethingtotryLv 61 decade ago
The check is yours to do as you wish. If you owed money on the car, the holder of the lien could force you to repair the vehicle to protect their interest. Since you owe no one, you are not obligated under any circumstances to repair the car.
It is only insurance fraud if you file a claim for damage that did not occur.
