What happens to the left over money from an homeowners fire insurance claim

UPDATED: Oct 14, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Oct 14, 2020Fact Checked

Free Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

I originally got a estimate from a lic. contractor for work that needed to be done to my home from a fire claim. Insurance paid close to the amount of the estimate. I received payment to do the repairs, based on original contractors bid. I chose after receiving payment from my homeowners insurance company to get a second and third estimate. The second and third contractors estimate said that i had a closed hvac system and that there was no way it got contaminated from smoke and it only needed to be serviced and new coverings put around the air ducts and air ducts needed cleaning. So that is what I did. I was paid by insurance company to replace all hvac system. Do I have to give the left over hvac money back to my insurance company?”

Asked July 20, 2017

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

secured lock Secured with SHA-256 Encryption