What! Insurance pays for financial losses. I don't understand your question.
You can either borrow money or what to get the repairs done until you have your deductible.
Consider saving the leftover money from your home insurance claim for future emergencies or home repairs. Alternatively, you could invest it in a savings account or use it to upgrade or improve your home.
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
Most homeowners insurance policies cover repairs caused by storm damage, however you will have to check your policy to be certain. Usually, you will have a fixed amount of time to claim damages.
keep it. You never know when you might need it.
kitchen repairs roof repairs
I really recommend calling your mortgage company to ask.
Just contact your Home Insurance Company and ask them about it. Many companies are fine with this for small claims or minor repairs.
Its your $$$ now !!! you can do with it what you want. * If the home is not still under a mortgage contract the homeowner is not obligated to use insurance funds for repairs of the property. However, if repairs are not done the insurance provider can refuse any claim if the flooring or adjoining structure is damaged further. If the home is still mortgaged repairs must be made as the lender would have to sign the insurance check as well as the homeowner/borrower. All mortgage contracts stipulate that the property must be kept in the same or better condition as it was when the property was purchased and lending agreement made. You could BUT that would be called insurance fraud... Lis@
Some frequently asked questions about home insurance include: What does home insurance cover? How much coverage do I need? What factors affect the cost of home insurance? Can I save money on my premiums? What should I do if I need to file a claim?
No, I have not received the home insurance claim check from the mortgage company yet.
Do you have insurance that covers unexpected damages or maintenance issues in your home?