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by Anonymous on January 22nd, 2007

Anonymous

Question

Help answer this question below.

I got a repair check for my van from my insurance co. addressed to me/my spouse and the repair shop listed on the estimate. I later decided to use another facility, can i just deposit the check in my account and write my personal check to pay the new shop

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Answers. 6 helpful answers below.

  • by Rollie on August 22nd, 2008

    Rollie

    If your Bank is on the ball, you cannot deposit this check without the signatures of the 3 named parties for which it is intended.
    Call the insurance company to explain and ask them to issue a new check. If the new shop was cheaper, that's what you will get.
    Don't mess with possible insurance fraud or fraud because you illegally deposited a check. The amount you can gain is not worth it.

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  • by biilybob on August 8th, 2008

    biilybob

    Open a business in another locality in the same name as the original shop. Deposit the endorsed check into your business account. Then simply close the account once the check clears and shut down your business. When you open the business try to find a month to month rental location to avoid having to sell the property or being bound by a lease which may dip into your check proceeds.

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  • by geek860 on January 22nd, 2007

    geek860

    Your insurance company has researched shops and has contracts with them to do work for their policy holders (like you). They have guarantees of work done, etc. and know that they are getting their monies worth. If your ins. company sends you a cheque to get work done at Canadian Tire and you do it at "Joe's Auto" then they will not pay for that. They don't know about the company and don't have any kind of guarantee.

    Think of it from their point of view. They want to know where their money is going.

    In addition, that shop has already given them an estimate. If you take it to a shop where they charge more, that comes out of your pocket.


    Good luck,
    Hope this helps

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  • by tjatherton on January 22nd, 2007

    tjatherton

    I don't know what state you are in, but here the check is made out stricktly to the person if there are no liens on the car. If it has a shop name on it, then you have to have the work done there to retain the lienholders interest in the vehicle. Call the company and tell them you changed your mind and wish to have it fixed by your Uncle, Bubba, and see what they decide. Most insurance companies don't require you to fix it at all (just take the money) IF there are no liens on the car.

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  • by Anand_S on December 9th, 2010

    Anand_S

    i don't know about that but i will try for that
    ====================

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  • by Anonymous on January 22nd, 2007

    Anonymous

    You might do this, BUT, this was not the agreement with your insurance company, in the beginning. it borderlines fraud. no, it is fraud. it appears you found someone to repair your vehicle cheaper and want to pocket the access for yourself. this is what to expect, if you do this: once the insurance check is deposited, without the original repair shop name endorsed on the backside, the insurance company will send you an inquiry. this could mean many future problems for you, like increased insurance premiums or a demand for a refund, from you.

    If you really want someone else to do the repairs, contact your insurance agent and advise them. they may say go ahead or they may send you a smaller check.

    Its not worth it. go along with the original plan.

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