Is it Illegal to keep money from auto insurance?

Mar 23rd, 2008, 05:13 PM

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?

Thanks!

annjd · Mar 24th, 2008, 09:58 AM

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.

Mar 23rd, 2008, 05:13 PM	#1
Unregistered Posts: n/a	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? Thanks!

Mar 24th, 2008, 09:58 AM	#2
annjd Top Level Member Last Online: Jan 6th, 2009 01:06 AM Join Date: May 2007 Posts: 696	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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