answersLogoWhite

0

No, but you cannot claim the loss on taxes.

User Avatar

Wiki User

16y ago

What else can I help you with?

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.


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.


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

No. This type of settlement is not generally taxable.


What companies specialize in no claims car insurance in the US?

One company that specializes in no claims car insurance in the United States is Progressive auto insurance. They are well known for their different insurance options.

Trending Questions
If two cars are on private property and on car has no drivers license and the other car has no car insurance and they hit each other who is at fault? How many pickup trucks in America? Can your insurance company deny your insurance when pregnant? What does it mean to refute a claim? If a 'friend' drives your car to a repo man without your permission to collect the finders fee how do you get your car back? Your 6.0 powerstroke sounds like it is backfiring when you give it throttle? Can the finance company report a car stolen if they are unable to locate it to repossess it? How much per square do insurance in Iowa pay for roof replace? Why is there no warm air from the vents in my supra? Do I need to be the on insurance for my dps drivers test or does the car just need to covers in Texas For my first license I already have permit? What does it mean to balance and blueprint an engine? How much general cost to change the temp door actuator? Can you put 305 heads on a 400 sbc that has been bored 040 over? How do I fix water leak inside door of Yukon? Where is the oil filler hole in a Massey Ferguson 165? How far away was the other car? How do you get someone off your auto insurance if they where listed as your spouse? If a retailer promotes its store by avdertising a drawing for a free car is the car free because the winner pays zero for it? What are the two types of friction that affect the performance of your mousetrap car? What is someone's job if they have a green flashing light on the top of their car?