Original Poster 7 months, 13 days

Is it legal to profit from an insurance claim?

Hi,


If the insurance company pays me $100,000 to replace my roof of clay tile, but I replace it with asphalt shingles for $25,000, is that legal? Can I keep the money? If my whole claim is for $200,000...Can I get the work done for $50,000 and keep the rest? What if I don't get the work done at all? Is that legal? What are the ramifications? My company does not withold the recoverable depreciation, so I have got it all upfront. Just trying to find out the law.


Please help.


I didn't find the right solution from the Internet.


References

https://www.insurancejournal.com/forums/viewtopic.php?t=1017

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Thanks


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