Is it Illegal to keep money from auto insurance?

This is a discussion on Is it Illegal to keep money from auto insurance? within the Car Accident Claims forum, part of the ACCIDENTS, PERSONAL INJURY, INSURANCE category; Is it illegal in New York state to keep the extra money that you did not need to use to ...

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Old Mar 23rd, 2008, 05:13 PM   #1
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Default Is it Illegal to keep money from auto insurance?

Is it illegal in New York state to keep the extra money that you did not need to use to repair your car your insurance co approved?

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Old Mar 24th, 2008, 09:58 AM   #2
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Default Re: Is it Illegal to keep money from auto insurance?

Not strictly illegal but your loan agreement if you still have one normally does not permit that.

You normally would have to coordinate that with your lender.
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