If insurance company gives me money to fix my roof do i have to fix the roof?
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i m getting money to fix my roof(insurance) through a friend who said they would fix my roof when I got the insurance money. But im financially falling apart. i was wondering if I could legally take part of the money and pay up bills and do the roof ourselves? and no I havent signed any contracts to get the work done.
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Answer:
No, you can do anything you want, with that money. Keep in mind, if you don't fix the roof, they will likely cancel your policy for "unrepaired damages". You won't be able to find new coverage, with that unrepaired damage. Also keep in mind, if you have a mortgage, the check will be made out to you and the mortgage company jointly - you won't be able to 'cash" the check.
lisa T at Yahoo! Answers Visit the source
Other answers
Generally yes you can do that. There are situations where, if the insurance payment is based on an estimate from a particular company, the insurance check is made out jointly to you and the repair company.
Judy
Yes. But check with your permit department in your area. Roof repairs typically need permits. you can get the permit and do the work yourself, IF you can pass the permit process.
A Hunch
Well that what the money is for but its up to you if you fix it or get whoever to fix it. They just know they gave you money to get fixed so you can't say other wise.
shnnn_ivey
Yes, as long as the check is made payable just to you and not jointly to you and someone who sent in an estimate as part of your claim.
smartconsumer
You can do whatever with the money, but then you will still have a bad roof that eventually you will need to fix
Don Drapers woman
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