What happens if you don't use insurance money for repairs?

Hi Pals,

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!

Thanks…

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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.