I recently received minor hail damage on my truck. The damage isn't very noticeable unless someone's really looking for it. The damage included the hood, roof and one tail light. The total estimated damage was $1803.19 with the $500 deductible. My truck has been paid off and our plan is to eventually trade it in and get a truck that tows more since we have a travel trailer but that might be a year or 2 away. What I would like to do is cash the claim out right now and use the $1300 to pay some debt off. My question is if I cash out will this claim close out? I live where hail is common and if it happens again can I claim it and only pay the deductible next time it gets hail?
Truck
2008 Ford F-150 FX4
Truck
2008 Ford F-150 FX4