Who collects insurance off of a stolen computer from a home office?
Question by John: Who collects insurance off of a stolen computer from a home office?
I ran a business from my home. My house was broken into. The company computer was stolen? I filed a claim for all things stolen with my home insurance. Am I obiligated to pay the business back that replaced the computer with the money I received from the insurance claim?
Best answer:
Answer by Common Sense
Technically that was fraud. The business owned the computer, not you.
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Tags: Collects Insurance, Company Computer, Home Insurance, Home Office, insurance claim
If you ran the business, then isn’t paying the business back, the same thing as paying yourself back?
No, you are not obligated to pay yourself back from a claim payment.
If your insurance covers only personal property and not business property, then you are obligated to pay back the insurance company. If your insurance covers business property, then you are obligated to give the company whatever money you received for its computer, which might be more or less than what the replacement cost.
You need to return the money to the insurance company, that was a fraudulent claim. You are not very ethical.