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Is it legal to profit from an insurance claim? - Printable Version

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Is it legal to profit from an insurance claim? - JesseVoss - 07-12-2018

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!