To keep this money?

[weddingringdilemma]

Aware I may get flamed from here to kingdom come for this....

DH lost his wedding ring a few weeks ago. We claimed on insurance, and they sent us a cheque for £600 for a new one. Just waiting for the cheque to clear then we'll go and buy new one.

I found his old one yesterday.

Do we fess up to the insurance company and return the money or use it for some much needed home repairs that we've put off?

Please no insults if you think we're wrong to even consider keeping it, am very interested to hear views though.

No No No!

Listen to snowmaiden

'We're going to give it back. '

Just read the thread... good on the both of you!

Well done OP. Absolutely the right thing to do.

keep it gawan' you know you want too evil

You are doing the right thing. Or saying you are, who knows?

It looks a small thing, but you might end up having problems with fraud.

The same thing happened to my mum. She lost 2 rings and eventually claimed on insurance but didn't buy the new rings right away. A month after the claim came through my dd found them on Christmas day in the dressing up box. My mum contacted the insurers and they told her it was too complex in admin to take the money back and she could keep it It was more than £600 as well. Basically contact the insurers you never know you may be pleasantly surprised

It's theft/fraud. Under the law, even if you come into something in all innocence, like the OP has, if you do not take "reasonable steps" to return it once you are aware of the mistake, you are committing an offence.

No, bad karma, be honest.

I lost a bracelet dh bought me before we were married....he made a claim (about £120) for it

before the cheque came through, I found the bracelet. DH (then he was just DP) called the ins company to tell them. They couldn't believe it, were very grateful, and said that no-one ever was that honest usually! they didn't send the cheque...

you're doing the right thing btw. Honesty is important.

X posted. Good for you OP.

Well done op you've made the right choice :) let us know what they say.

Well done OP, you know really you're doing the right thing.

We need an update with what they say op you must call them right now

op well done on doing the right thing!

gribble sorry to hear about the break in, but by buying a hooky stereo it has indirectly caused someone else's car to be screwed over.

it isn't actually fraud.

When you make an insurance claim you do so in good faith and equally when the claim is settled it is settled in good faith and is not conditional i.e. if you make a claim for theft the claim is not settled on condition that if the stolen goods are recovered then the money has to be repaid.

The op made a claim in good faith for the loss of her dh's wedding ring, and the claim was settled by the insurers. As long as there was no fraud at the source of the claim, the fact the ring was later recovered is irrelevant.

There is of course a moral argument to all of this, but legally it isn't actually fraud.

.

compos - it wasnt a 'hooky' stereo so no, it didnt indirectly cause someone elses car to be screwed over

Sorry, I thought the inverted commas in your previous post 'dave' down the street was implying that you'd bought it from a local knock off Nigel.

Apologies.

I am not sure it is fraud, you did not fraudentially claim and had you bought the new ring yesterday it would be tough.

I will let you know what they say, DH has all the details so he's going to call when he gets home from work later. Slightly excited now by poster who said the same thing happened to their mum and she was told to keep the money...won't get my hopes up though!

Keep it. They'd laugh and call you a mug if you returned it. I would

Use it to pay your increased premiums next year

Keep the money. Send them the ring.

I'd keep it OP, like you said they've had enough out of you over the years. Think of it as a belated xmas gift