Can I use the money paid out by my home insurance company for remodeling projects that are unrelated to the original claim?
I got some money from my carrier to fix up my garage. Can I use this money to spruce up other parts of my home, like my kitchen or guest bedroom?
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!
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
How can I find the cheapest car insurance policy if I want to get off my mom's policy?
I'm a 22-year-old woman who wants to become more independent. I'm moving out of the house, and I want to find cheaper car insurance than the $4,000 premium I'm being charged as a driver on my mom's policy. Where can I find cheap car insurance?
Apr 13, 2021
Can I pause my car insurance for three months while I'm away on vacation?
I have a three-month family vacation coming up and I won't be using my car at all. Is it possible to pause my car insurance for the three months?
May 31, 2021
How do I prevent wind and flood damage to my car?
I’ve moved to Texas and live near the coast. This is my first hurricane season and I’ve never dealt with it before. How do I prevent wind or flood damage to my car? What kind of insurance do I need?
Sep 09, 2021