My car got hit... the bumper is almost falling off. It is not my fault and the other person's insurance is covering it and they are sending me a check to cover the cost of it being fixed.
Here's the thing... my car is a POS. I doubt it's even worth $1000. Do I have to get my car fixed with the money? Or can I use it how I want (such to help get a new car with)? I know the ethical thing to do would be to get it fixed, but it may actually be totaled (still drivable but the cost of getting it fixed may be more than it's worth). I was thinking about telling the insurance company, but I don't want to risk losing the $ to get it fixed...
I've heard of other people getting in accidents, then getting the check and just not getting the car fixed.
Anyone know?
2007-08-31 03:57:09 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
If you do not have a loan on the car you have no legal or moral obligation to get it fixed. You suffered damage to your property and as long as there is no loan, the decision to repair the car is strictly yours. If the insurance company sends the check in your name only you are off the hook.
With no loan on the car you can do whatever you want with the money. Don't tell the insurance company that you do not plan to repair the car. If you do they MAY reduce the estimate because the estimate includes money for body shop profit and legally you are not entitled to profit from a claim.
2007-08-31 05:52:20 · answer #1 · answered by fighting saints 6 · 0⤊ 0⤋
Get and compare quotes from different companies at - INSURERATESME.INFO-
RE Car insurance question?
My car got hit... the bumper is almost falling off. It is not my fault and the other person's insurance is covering it and they are sending me a check to cover the cost of it being fixed.
Here's the thing... my car is a POS. I doubt it's even worth $1000. Do I have to get my car fixed with the money? Or can I use it how I want (such to help get a new car with)? I know the ethical thing to do would be to get it fixed, but it may actually be totaled (still drivable but the cost of getting it fixed may be more than it's worth). I was thinking about telling the insurance company, but I don't want to risk losing the $ to get it fixed...
I've heard of other people getting in accidents, then getting the check and just not getting the car fixed.
Anyone know?
2014-08-22 17:01:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I might suggest that you visit this internet site where onel can get quotes from different companies: http://INSUREQUOTE.US/index.html?src=2YAfpmowFL78
RE :Car insurance question?
My car got hit... the bumper is almost falling off. It is not my fault and the other person's insurance is covering it and they are sending me a check to cover the cost of it being fixed.
Here's the thing... my car is a POS. I doubt it's even worth $1000. Do I have to get my car fixed with the money? Or can I use it how I want (such to help get a new car with)? I know the ethical thing to do would be to get it fixed, but it may actually be totaled (still drivable but the cost of getting it fixed may be more than it's worth). I was thinking about telling the insurance company, but I don't want to risk losing the $ to get it fixed...
I've heard of other people getting in accidents, then getting the check and just not getting the car fixed.
Anyone know?
Follow 7 answers
2016-08-27 23:45:50 · answer #3 · answered by ? 6 · 0⤊ 0⤋
If you get a check in your name (not the body shops), you can do whatever you want to with it. There is no "ethical" question here. The insurance company is settling with you (no future recourse for you) and you decide how to use the money.
2007-08-31 05:47:55 · answer #4 · answered by sensible_man 7 · 0⤊ 0⤋
Usually, the insurance company makes you get like 3 estimates on what it would take to fix your car and then makes the check payable to the company with the lowest estimate. So you kinda have to get it fixed.
2007-08-31 04:04:43 · answer #5 · answered by Anonymous · 0⤊ 1⤋
It's up to you to get it fixed or not, especially if the check is made out to you. You are not obligated to tell their insurance company whether you are going to fix your car or not.
2007-08-31 04:06:11 · answer #6 · answered by Monique 5 · 0⤊ 0⤋
Get insurance quotes
2014-12-17 22:19:02 · answer #7 · answered by ? 1 · 0⤊ 0⤋
If they are issuing you a check you can legally AND ethically cash it and use it for whatever you want.
2007-08-31 04:06:15 · answer #8 · answered by tamarack58 5 · 1⤊ 0⤋
There are several comparison sites but I liked this one to get quotes for free: HELP-INSURE.NET
2014-06-25 13:22:34 · answer #9 · answered by Anonymous · 8⤊ 0⤋