Can I Keep Insurance Money From Car Accident?

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    David RacichPRO
    Fountain Hills, Arizona
    As a general rule you can keep proceeds from your auto insurance. You can also spend that money as you see fit. But most claimants generally use the money to repair their damaged vehicle, replace their totaled vehicle or as a down payment for another vehicle. In recent years auto insurance companies have been issuing good driver checks that that you can use at your discretion.
     
    Answered on June 22, 2013
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