Insurance Claims Hail Damage
Texas Storms Spark 50% Spike in Weather-Related Car Claims
IRVING, Texas, April 27 — The number of storm-related car insurance claims climbed 50% for Allstate Insurance customers in the Lone Star State last year. These weather-related auto claims include damage caused by hail, wind and floods.
Hail Storm Insurance Fraud – “Dime Spinning”
I filed a claim with my car insurance company for hail damage on both my cars….?
They are making the checks out to me. Is there a time frame that the cars need to be fixed by? OR
Can I keep the money and not fix the cars and pays bills with it?
If I just keep the money; can I get in big trouble for that?
The money is yours to do whatever you wish. Your insurer has met their obligation by indemnifying you for the loss. Keep in mind that you will take a bath on trade-in or sale value when you decide to buy another car if you don’t repair them and if you happen to have another loss the prior damage will be deducted from the repair costs.
Note: by August a large number of the smaller depressions on you car will be gone. It’s not magic, just the natural tendency of the formed metal working it’s way back to it’s original shape in the hot sun/cold rain showers.
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