Does my insurance company want leftover money returned to them after repairs?

Answered by Home Insurance, Car Insurance Expert Shannon on February 18, 2021

My insurance company gave me money to replace my roof and some drywall after a severe storm. They want me to send them the receipt for the roof and drywall replacement. If the work costs less than the amount the insurance company gave me, will they want the difference returned to them?

expert avatar

Shannon

Home Insurance, Car Insurance Expert

Good news: if the repairs have been completed in accordance with the terms of your policy agreement, you get to keep any extra money from the claim. As long as the initial cost estimates were not falsely inflated, it is fine to keep the money or even upgrade the repairs.


Home Insurance

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
user
Gabriella R.
Find savings (100% Free)
stars
4.6/5 Rating on App Store
logos
logos
logos