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.
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.
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.
home inventory
Ring them
This will depend in part on what the claim is for. If it was a reimbursement of previously paid expenses, then you have already "spent" the money. If it is pre-payment for services, you will need to spend the money on the services specified. If it was a claim settlement for damages or lost property, the insurance company doesn't care what you spend it on, whether it is replacement of your valuables or something else entirely.
The legal right to the money requested in the claim goes to the person who is named in the policy. Regardless of who was paying the premiums.... (even if the sons made the claim to fix something) Mom has her name on it she will be named on the check and will be the rightful recipient to the claim.
No.
No!! It is highly illegal for you to do this. When you make a claim on you home insurance for something that was the fault of your contractor you sign over all subjugation rights against this contractor to your insurance company. This means that if your home insurance pays any part of this claim you give them all your rights to go after the contractor, which they will do. They will go to the contractor and their insurance company to get reimbursed for any amount they paid plus costs. In most states it is considered insurance fraud for you to even try to collect damages from two places for the same claim.
Yes you can withdraw your claim, but once reported, the damage and the claim filing are still on record.