Insurance Settlement Check More than cost of repair?
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My repair costs is far less than my insurance settlement check. I have a lienholder on the check as well. They stated that I will have to pay my duductible to the repair shop and send in the estimate and work order. Do i still have to pay that deductible even though the repair cost are less than the estimate and settlement check? Also, will the lienholder give me any problems by signing off on my check even though i found a repair shop that was able to do the repairs less then the repair estimate. Should I send in pictures of the repaired car so they will know that the car is fixed.
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Answer:
Request the insurance company reissue the check payable to the shop of your choice and yourself. The check will be for amount of the original estimate. If the shop is willing to do the work for less than the estimate that's b/w the 2 of you and no one else. If the repairs are LESS than the estimate you currently have and the check you have covers it in full, don't worry about your deductible asit obviously isn't an issue.
puddinli... at Yahoo! Answers Visit the source
Other answers
You do not have to return the overage, it is yours to keep. However, your lienholder must be paid first, then you get your portion if any is leftover. You still pay the deductible, because no matter what the circumstance, you pay the deductible before your insurance kicks in.
fisherwoman
You ain't gotta pay no deductible..get with the repair shop..they will handle it..just tell them to work it out where the deductible is added in to the estimate
websterjdjr
Oh Yeah, Party Time. Take the money and run.
been there
hi check this link its good http://insurancess.notlong.com .
dhara s
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