Is this unintentional insurance fraud?

[Kevin Sapp]

Hi,

Have a property in Texas that received a hail damage settlement.  I own the property outright. A friend said that if I don't use the money from the insurance company to repair the roof it is considered insurance fraud.  I know if I wreck my car and choose not to get it fixed and keep the insurance money, that's just fine...

The same investor friend said that because hail damage is an "act of God" it will not have an impact on my future insurance rates. I don't think that is the case.

Any insurance professionals in Texas out their that can clarify these questions.  

Thank you,

Kevin