24 oct. 2022 · An insurance claim is a request to the insurance company for payment after a policyholder experiences a loss covered by their policy.Types of insurance claims · How to make a claim · How do insurance companies...
Can I just keep the money from an insurance claim?
As long as you own your car outright, you can do whatever you want with the claim money you receive from your insurer. This means that you can keep any leftover money from your claim. However, it is very important to never intentionally overestimate the cost of repairing your car.
What is a claim payment?
Claim Payment means an amount payable to you under the Policy to compensate you for the credit losses you have sustained from unpaid insured receivables.