How To Cash Out An Auto Insurance Claim Check

How To Cash Out An Auto Insurance Claim Check

by Nick Reiter, May 10, 2022

Your car was damaged or totaled in a crash. Once your auto insurance claim is finalized, you may be entitled to a payout. But how does this work? Do you receive a check? Does the payment go to your lender instead? Can you spend any extra cash that doesn’t go toward repairing or replacing your car?

The answers to those questions probably aren’t as obvious as the damage to your vehicle. Several factors can complicate the process. Here’s what’s involved in cashing out a car insurance claim check after a crash.

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