If you receive money from both your insurance company and the company that caused the damage, you may need to repay the insurance company. This depends on the terms and conditions of your insurance policy. Insurance policies often include a clause called subrogation, which allows the insurance company to seek reimbursement from a third party if they were responsible for the damages. Subrogation is a legal right that allows the insurance company to step into your shoes and pursue the responsible party for the damages they paid out.
However, the specifics of subrogation can vary depending on the type of insurance policy you have and the laws in your jurisdiction. Some insurance policies may have a provision that allows you to keep the money you receive from the responsible party, while others may require you to reimburse the insurance company. It's important to carefully review your insurance policy and consult with your insurance provider to understand your obligations in this situation.
Additionally, it's worth noting that if you receive money from the responsible party after you have already been compensated by your insurance company, you may need to inform your insurance company about the additional funds. Failure to do so could potentially be considered insurance fraud.
To summarize, if you receive money from both your insurance company and the company that caused the damage, you should review your insurance policy and consult with your insurance provider to determine if you need to repay the insurance company. Subrogation is a common practice in insurance, but the specifics can vary. It's always best to seek clarification from your insurance provider to ensure you are fulfilling your obligations and avoiding any potential legal issues.