My $500. Deductable versus me able to pay it....I thought, If my auto insurance company estimates and gives me the check for my bumper damage, I can elect to repair or not. And they will not repair it in the future. And I could use the money to buy a bumper and a friend and I could fix it cheaper.
2006-09-26 09:17:07 · 6 answers · asked by Dale S 1 in Cars & Transportation ➔ Insurance & Registration
Do you have a lien holder? You have to get it fixed if so. The insurance company won't cut you a check as the only payee if so. They will probably cut you a check payable to you and your shop of choice or your lien holder. That way they make sure it gets fixed so your lien holder can't make a claim if they repossess your car and you haven't had it fixed.
2006-09-26 13:43:52 · answer #1 · answered by Chris 5 · 0⤊ 0⤋
Varies by insurance companies! Some send the proceeds directly to the insured while others will only pay the repair shop.
Most insurance companies will not pay you again for a similar accident if you don't have proof of repairs from the previous!
2006-09-29 01:33:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
uhmm once again the right question that should of been asked is this:
Should I get the insurance to pay for bumper or should i receive the cash from insurance and fix it myself...?
No you will Need be able to fix your own bumper , but cant really say that cause you are not even saying what kind of car you have...so in that said if its plastic you wont be able to fix it - metal ??? depends on how damaged it is - i would still have them fix it that is why you paying insurance every month for..
Good Luck
2006-09-26 09:22:18 · answer #3 · answered by CAR GUY 3 · 0⤊ 0⤋
This is YOUR car, you have the option of repairing it any way you like. Check your policy wording as there may be a clause directing the company to place your leinholder (if you have one) on the check also. Most companies do not if damages are under $2000.00.
2006-09-26 10:56:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you can fix it yourself cheaply (with friend's help), then I would not report it to insurance. Each claim you make will change your "risk" as far a insurance companies go, and may increase your premiums later.
Personally, I'd save claims for things that are not easily fix, or more money to fix than I can spare.
2006-09-26 09:27:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋
That is what I would do...
2006-09-26 09:19:10 · answer #6 · answered by ? 2 · 0⤊ 1⤋