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No, but you cannot claim the loss on taxes.

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16y ago

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Related Questions

What types of collision insurance claims were reported for auto damage in 1991?

All of them.


What Physical Damage is usually covered with Auto insurance?

Damage to both people and property are covered by auto insurance. Aside from protecting the insured against the claims of others (for bodily harm or property damage, for example), auto insurance typically helps pay for medical expenses needed by the insured or other person involved in the accident AND it covers costs leading to loss or damage of the automobile stated in the insurance.


What company claims to have the cheapest auto insurance rate?

Geico claims to have the cheapest auto insurance rates. You can get more information about auto insurance rates from Geico at the official Geico website.


Do you pay taxes on an auto insurance settlement?

I had a huge settlement from an auto insurance company and it was not taxed. However I believe that was because my attorney negotiated a type of settlement that made it non-taxable. I thnk it has to be considered "punitive damages" or something like that for it not to be taxed. Update - Generally, amounts paid for personal injury and property damage are NOT taxable. Amounts paid for punitive damages and loss of income ARE taxable.


Will insurance pay for a DUI wreck?

Yes, your auto insurance policy will respond to damage claims even though your may have been intoxicated at the time. However, you may also see a steep increase in your auto insurance rates for the near future.


20 percent of all insurance claims for auto damage in a 1991 study of 4 metropolitan areas involve?

parking lot collisions


Is there a national auto insurance claims registry?

yes


How can you make a auto insurance claim?

Call your claims department. This is found on your auto id card or insurance paper work.


What is the average rate for auto insurance claims in the US?

The average rate for auto insurance claims in the U.S. is around eighteen hundred dollars. However the prices can vary depending on where you live.


Do you pay taxes on auto insurance settlement for bodily injury?

No. This type of settlement is not generally taxable.


Where can you look up your auto insurance claims history?

From your insurance carrier or carriers. They usually can give you a report showing all your claims filed with them.


What are auto insurance claims?

Auto insurance claims are those matters for which you ask your insurance company to pay for something, because you were in an accident or your car was damaged. If two cars are involved, one company may file a claim against another.