If you are collecting from another driver's company, you're entitled to the cash. Do what you want with it.
Your own company may not pay the full replacement cost until you actually buy the new stereo. And if the stereo did not come with the car, you may need to show the company receipts to prove you had it in the first place.
Auto insurance can be confusing. That’s why our office stands ready to help you have a better understanding of your coverages.
We invite you to contact our office for a no-obligation review of all your insurance needs.