You should first use the money from the claim to make the home repairs for the losses that were reported to the carrier. You should also carefully review the terms of your policy for specifics on what your insurance company may require in the event of a covered loss. The carrier may ask for receipts or other proof showing that the work was completed. If you have a mortgage on the property, your lender may also require you to restore the home to its pre-loss condition.

Generally, as long as you have abided by the terms of your insurance policy and the agreement with your lender, once the repairs are completed, if there is any money left over it is yours to keep and do with as you wish!