re: Need help haggling with liberty mutual after a hail storm (Long) - iwyLSUiwy shoutout pg 2

quote:

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But just getting a check and keeping the money is insurance fraud.

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This is absolutely not true at all. There is nothing in insurance that requires you to repair a vehicle or home with the money from a settlement

The insurance company will include your lender or lienholder on a check because they have a financial interest. It may be a requirement of your lender or lienholder you use the funds to repair your home or car, but it’s not a requirement of insurance.

For example: If your car is hail damaged and you do not have a loan, you can take the insurance payment and go spend it all at the casino if you want, it doesn’t matter.