Legal Question in Insurance Law in California

someone hit and ran the side of my truck in a parking lot.

my insurance company says they will send a check to ME (it's been appraised).

since the incident occurred something has happened in which i have need of the cash more than i need to get the truck fixed right now.

is it illegal to NOT use the money to pay for the truck ?

thank you.


Asked on 8/09/10, 1:52 pm

2 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Unless there's a lienholder on the truck -- in which case the insurance check would be payable to you and the lienholder -- the money is yours.

Read more
Answered on 8/14/10, 4:12 pm
Edward Hoffman Law Offices of Edward A. Hoffman

Mr. Stone is right. But if you don't repair the car and later get into another accident, you may have a hard time proving how much damage the new accident caused.

Read more
Answered on 8/14/10, 8:42 pm


Related Questions & Answers

More Insurance Law questions and answers in California