I received a payout from my homeowner’s insurance for storm damage but am considering using it for something else. What are the consequences if I don’t use it for repairs? Is it legally required? Could it affect future claims or my policy? Any advice or experiences would be appreciated!
The primary concern of not using insurance money for car repairs is the potential for worsening the vehicle’s condition . Whether you ignore the issue or opt for cheaper repair options, your insurance provider may not cover any subsequent damage or malfunction.