Frederic Engellant: In addition, after I receive the check, can I go to somewhere else to fix the car? I know some Mexican auto shops offer much cheaper prices.
Serena Doak: The $500 you recieved was from the woman's insurance company because that is all they feel you should get. The body shop give you an estimate and will handle all the work to the car but you will have to fork over the $500 bucks to him and then he will file a supplemental claim for the other $700. So basically you wouldn't see any money. If you need the money, you cash the $500 and that's it, even if the body shop says there is $1200 dollars in damage. Your car doesn't get fixed and you're $500 dollars richer. But when you want to get the car repaired later, you are on your own then. Its out of your pocket unless you have collision insurance and can pay that dedectable what ever that maybe on your policy. Check with your agent....Show more
Indira Wassell: Not sure how to answer this one
!Arnoldo Budzynski: Never gave too much thought about this
Marielle Hedeiros: Amazing how we live in a world of flexible honesty. People expect and require the insurance comapny and the shop to be honest with them. Then they head out and play games with the shops and the insurance money. It depends on why there is extra money. If you negotiated something to not be done or not repaired to OE or standard specifications/quality, then your vehicle has not been returned to it's pre-loss condition and the extra money represents the indemnity. If a part was misquoted, prices changed, etc, then you should offer to return the money. I believe the insurance company or the shop gave you an "estimate" and not a "final bill". If they acted in good faith then you should also. When in doubt, call the insurance company abnd ask....Show more
Clementina Collelo: the insurance company (USA) doesn't care if you repair your car or not, the check is to pay you for your damages and ! that in return satisfies the claim.... if you tell the body sh! op to fix your car and/or sign an agreement for them to make the repairs and then you fail to pay them then that is fraud/ breach of contract and against the law....bottom line the body shop can not repair your car without your permission and the insurance company paid off the claim....KEEP THE CHECK IF YOU WANT TO!!!!...Show more
Raul Lushbaugh: I forgot to mention it is just a minor parking lot accident. One car backing up hit my passenger door. But I don't care much about the small dent on the door. I believe the car is still drivable.
Gene Debell: Technically, it's insurance fraud, which is illegal, but it happens all the time. Since the body shop wants your business, they might call you and try to get you to come in, but you can always just tell them you got it fixed somewhere else instead.
Marya Fehn: 1
Bruno Galasso: Yes Karen you can keep the money and not fix the car, or just do some of the repairs. The insurance company would actually pref! er that you do this. Why? Because there will be no supplement for hidden damage, no rental car bill, and no additional claims adjusting time or expense associated with it. Many people think this is "fraud" but it is not. You suffered economic damages as the result of the accident and you're entitled to compensation for them. Whether you actually fix the car or not is irrelevant. The car is still damaged and has still lost value. Whether the money goes into the body shop's pocket or yours is your choice. In some jurisdictions you are also owed for however many days of rental car expense you would have had, whether you actually rented a car or not."Fraud" is doing things like claiming unrelated damages or "enhancing" existing damages (padding). Essentially making up damages where there are none. Now, if you were being paid by *your own* company AND you have a loan on the car then the check will be made out to you and the bank or you and the body shop but not just to you (unle! ss it's a very small amount of money). Keeping the money and not fixing! the car would usually be fraud (or facilitation of fraud) since either the bank or body shop would have to endorse the check without the repairs being done. The only way I can think of that it wouldn't be fraud is if the check was made to you and the bank, the outstanding balance of your car loan was less than the check, and the bank signed off on it to apply it towards your loan to pay it off. If the car is paid off then the bank doesn't care that you haven't fixed it either.Keeping the money when it's coming from *your* insurance company when you DON'T have a loan on it is also acceptable, however the loss rate for vehicles that are already damaged is higher than for vehicles at aren't (moral hazard). This is because the owners are that much less concerned with an already-damaged car. So your insurance company might care depending on the damages. It's not so much of a concern though since most people don't want to drive around in wrecked cars they're still paying on. The! y usually fix them.The body shop can call you but you can just tell them you decided not to fix the car or not right now. If they harass you just tell them you already spent the money but you'll be sure to come see them next time.If you signed the contract with the shop it's true you could be in breach of contract and could theoretically be sued but this is unlikely to happen. This is because the body shop will still want you to come there after your next accident. In any event all you could possibly be liable for is any work they've already done or maybe a small fee for returning any parts you agreed they order. And all that is only if you actually signed off on the repair and they've actually gone ahead with some things. Larger body shops won't usually incur a fee to return parts with major manufacturers but may have fees to return parts for vehicles like Jaguars, Suzukis, or Land Rovers, or for special order parts (airbags, electrical parts, etc...) Keep the money and bu! y your new HDTV. That's what the other guy's insurance company wants yo! u do do.....Show more
Bianca Lannier: If you intent to still drive the damaged car, you would need to speak to your insurer. They may agree to continue to insure it but might insist on a new M.O.T. test or an engineer's report to prove it is safe, but you are fine to keep the cheque as the purpose of insurance is so that you are not financially in a better or worse position than before and you will not be. Don't worry about the body shop. You can just tell them that someone else is doing it, but if they have the damaged car, they may want you to pay storage costs for the time it was there....Show more
Elaina Adolfson: Get insurance quotes
Jerald Florence: Despite what one answerer stated - it is NOT NOT NOT insurance fraud to use and insurance settlement check for anything other than the repairs. That is simply NOT TRUE!!! You are being paid for your loss, NOT for the repairs.EXCEPT: if you are making payments on the vehicle and you live in one of a few st! ates (Texas, Arizona, and Alaska, I think), they are obligated by law to protect the financial interests of the bank you are making the payments to, in which case, they must write a two party check to you and the bank, or you and the body shop. Other than that, have a good time. It's your money....Show more
Luis Mellon: I would recommend you to visit this website where you can compare rates from different companies: http://cheap-insure.info/index.html?src=5YAqqC1AOR...RE :Can I keep the check from the insurance, and don't repair my car?My car was hit by another car, and the other driver's insurance is willing to cover my repair cost. So I went to a body shop and got the estimate which is over 1k. That looks like a lot of money. I was wondering, if the insurance company agrees to give me a check, can I just keep the money and don't repair my car? Would the insurance company know?And since I left my contact info to the body shop, is the body shop going to chase me down! ?Thanks~!Update: In addition, after I receive the check, can I go to som! ewhere else to fix the car? I know some Mexican auto shops offer much cheaper prices.Update 2: I forgot to mention it is just a minor parking lot accident. One car backing up hit my passenger door. But I don't care much about the small dent on the door. I believe the car is still drivable.3 following 9 answers...Show more
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