Cacher123 wrote:
If u r making payments and not leasing it, do what u want with the money. If for some reason u stopped making payments and they repossesed it, they would sue you for the difference in what u paid into it and what they were able to recover out of it by reselling it plus some hefty charges. You can bet they would throw in the cost of fixing any damage as well. If u were leasing it, that's something else. You are usually required to fix all damages in a lease situation or they'll charge you for the reapairs when u turn it in.
Now, ure insurance company is a different story. If his ins co sent u a check, u can bet they notified ure ins co. If u get any future damage and try to go through ure co. (if u have full coverage let's say) ure co may may claim that the damage was there previously or may want to inspect the KJ after u have made the repairs. If u r paying on it, u prob have full coverage. Most lenders require it.
I just had mine broken into and the ins co covered all my damages minus my deductible. My local body shop fixed everything and a few more odds and ends for the money from the ins co and no out of pocket but they had to sign an affadavit telling the ins co that they had fixed all damages that were on the ins co's estimate. I guess they don't want u hittin them up for the same damage later on and claiming it was "new". I could have pocketed the money but then I would have to tell the ins co that I wasn't fixing the damage which they said I could do but they would note it in my records and not cover any of it in the future.
Also, what was said above about hidden damage is very true. Often there is damage that isn't seen until some panels come off. Or ins co estimates are lower than what it actually would cost to do the repairs. U r entitled to use any shop u want for repairs but if they are not reputable the ins co may give u hassles about any "hidden damage".
Now, ure insurance company is a different story. If his ins co sent u a check, u can bet they notified ure ins co. If u get any future damage and try to go through ure co. (if u have full coverage let's say) ure co may may claim that the damage was there previously or may want to inspect the KJ after u have made the repairs. If u r paying on it, u prob have full coverage. Most lenders require it.
I just had mine broken into and the ins co covered all my damages minus my deductible. My local body shop fixed everything and a few more odds and ends for the money from the ins co and no out of pocket but they had to sign an affadavit telling the ins co that they had fixed all damages that were on the ins co's estimate. I guess they don't want u hittin them up for the same damage later on and claiming it was "new". I could have pocketed the money but then I would have to tell the ins co that I wasn't fixing the damage which they said I could do but they would note it in my records and not cover any of it in the future.
Also, what was said above about hidden damage is very true. Often there is damage that isn't seen until some panels come off. Or ins co estimates are lower than what it actually would cost to do the repairs. U r entitled to use any shop u want for repairs but if they are not reputable the ins co may give u hassles about any "hidden damage".
I don't like to be picky about internet abbreviations of things, because people say "u" and "U R" all the time *shudder*....but I've never before seen "ure"...
I assume that the URE is somehow "yoU'RE".... but the RE in you're and URE is from "are", which really doesn't make sense up there: "you are insurance company", "you are ins. co.", "you are co."
</hijack></rant> sorry about that, grammar gets me
