Auto Insurance Question- If you dont use money to fix car can you get in trouble or have to pay it back?
I recently had to take my old car to get the insurance estimator guy to look at it. I was given a check for damages. He said it was almost totaled because the value of the car vs. damage costs. He wrote me a check right there. My question is, if I dont
If the check is made in your name it doesn't matter if you repair the vehicle or not. The money is yours to spend as you wish.
You have nothing to worry about. Do what you please with the money.
Insurance companies have their own business-oriented approach, based on risks and pay-outs. If you are a teen driver, expect to pay more for auto insurance, and if you are an overweight smoker, expect to pay more for life insurance.
Insurers cannot recoup losses through insurance rates, but they can set future rates based on forecasts of severe storms that seem to be increasing. Columbus-based State Auto Financial said last week that its second-quarter earnings will include