I was in 3 car accident, some one hit me from behind and then i hit the car infront of me. anyway, my car is a 96' eclipse and the estimated damages were $2700, well I just want to get me a new car. can I just keep that money and put it to another car or do i have to fix the eclipse. I only paid $1000 for the car about 3 Months ago and its not worth anything, I would sell it to a junk yard anyway. so the question is, do I have to fix my car or can I do anything i want with the money?
2006-12-04 06:28:19 · 6 answers · asked by Krystle 2 in Cars & Transportation ➔ Insurance & Registration
You can take a "cash settlement" and choose not to fix your car. Most insurance companies are willing to let you do that.
2006-12-04 06:36:28 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If the insurance company have issued you a check, then it's yours to do what ever you want with.
If the insurance have done nothing yet, chances are they'll declare your eclipse totalled and give you it's market value, $1000.
2006-12-04 06:35:00 · answer #2 · answered by Shockey Monkey 5 · 0⤊ 1⤋
Depends if the insurance company writes the check to you or a body shop. I've collected 2 insurance checks. One was written to me and one to the body shop. The one written to me I cashed and used it however I wanted.
2006-12-04 06:32:10 · answer #3 · answered by demozast 3 · 0⤊ 0⤋
If you got paid by the other person's company you are not required to get your vehicle fixed.
2006-12-04 10:15:33 · answer #4 · answered by Chris 5 · 0⤊ 0⤋
Anything you want baby..be careful out there.
2006-12-04 06:36:14 · answer #5 · answered by Wil T 3 · 0⤊ 0⤋
You can do whatever you want.
2006-12-04 06:32:40 · answer #6 · answered by Clint M 3 · 0⤊ 0⤋