WebJan 19, 2024 · This allows policyholders to more easily spend the money at the body shop of their choice. Policyholders in the Bay State still have the option of requesting checks be made out directly to a specific body shop, however. And the lienholder’s name will be included on the check if you have a car loan. If you have questions about the claims ... WebJan 10, 2024 · Keeping insurance claim money is not fraud if you own the car and the insurer sends the claim check to you instead of sending it to your repair shop. If you …
Can you use insurance money for something else?
Web972-481-1027 Check out some Testimonials from our current customers: "I was with another agency for my auto policy but have used Brandes … WebJan 14, 2024 · The owner of the property: If you are the homeowner, you will get the claim check payable to yourself if you are the sole owner of the property. This applies for your personal contents in the home. Learn more about home contents and making a list here.; The mortgage company: If you have a mortgage, the claim check might be written out to … hinchcliffe name origin
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WebJan 10, 2024 · Keeping insurance claim money is not fraud if you own the car and the insurer sends the claim check to you instead of sending it to your repair shop. If you have a loan or lease on your car, then you cannot choose to spend the insurance payout on something else and not repair the vehicle. Most lenders would want you to use the … WebSep 8, 2024 · Many insurance companies will issue a claim check as a two-party check to ensure that the money from the claim is used to repair the vehicle or take care of other … WebJun 21, 2024 · If you’re reading this, you probably just received a check from your auto insurance provider with your name and the name of a second party, both written on the check. This is known as a “two-party … hinchcliffe precision components