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What is the average income of a crop insurance agent?
The average income of a crop insurance agent is $6000 monthly. This translates to a salary of over $72000 per year.
Can flood insurance be purchased for rental income property?
Yes, for residential rental property, flood insurance can be purchased up to $250,000 or the replacement cost value of the property, whichever is lesser.
Landlord Insurance Can Protect You and Your Income?
If you rely on revenue from rental properties as your sole income or even as a supplement to other income, you need to have landlord's insurance to protect yourself as well as your assets. If someone is injured on property you own, you could be liable for thousands of dollars if you do not have landlord's insurance. Insurance can also protect you if your property is damaged and you cannot rent it until repairs are made. With landlord's insurance, you can restore your property and begin to generate revenue much more quickly after a disaster.
Do you pay taxes on a home insurance settlement from a tornado?
Not exactly. Reimbursement for the loss is not taxable income....just like simply selling the property at no loss/gain would not have been income. Common sense prevails here - what you CAN'T do is take a casualty loss for damages that are reimbursed by insurance. (The reimbursement means you didn't have a loss). To the degree you have an unreimbursed loss, that's fine. If you report a loss and then are reimbursed, essentially that would become income.
Do you have to claim money from insurance repairs?
What! Insurance pays for financial losses. I don't understand your question. <><><> If you mean claim an insurance payment as income- that would depend on a lot of actors- so we cannot give you a blanket answer- however, in general- Let's say your car was stolen. Your insurance company paid you $1000 for it. Unless you claimed that as a casualty loss on your taxes, then it is income neutral- and would not be income.
What exactly is umbrella insurance?
This is a very good question. Umbrella insurance is a type of insurance that covers personal property and the future income of the policy holder. It is a different type of insurance.
Does a fire insurance check count against medicare?
Why would it? It's not an income payment it's to reimburse for damages to your property and to restore the property to the condition it was before.
What is the annual income of a Property Manager?
The annual salary for a property manager depends on where you live and the company you work for. The average annual salary for a property manager in San Francisco, CA is $64,000. The nationwide average is $47,000.
What is the average salary of insurance agents & brokers?
In most cases insurance agents and brokers work on a commision basis. So your income is based on how much insurance you sale.
If I get an insurance payout from a fire do I claim it as income?
If it to pay for things you lost in the fire, no...you are just beinfg restored to the same place. If it is paying you for loss of income or such, that would be. Most importantly, if you already have taken a tax loss (casualty loss) for anything being paid now, that woould then be taxable, because you took the loss - that you actually didn't have, because you now recovered from Insurance. (And of course, in your next return you cannot take a casualty loss for the fire for those items that you got paid for...again no loss....but if you had more loss than recovery...that should qualify for casualty loss).
What type of business insurance is required for a beer distributor?
If one is looking for business insurance for a beer distributor it is required to have beverage wholesaler insurance. This type of insurance would cover things such as property and sign coverage, equipment breakdown insurance and business income insurance.
What has the author George M McCabe written?
George M. McCabe has written: 'Insurance pricing and regulation under uncertainty' -- subject(s): Insurance, Mathematical models 'An economic analysis of investment income, inflation, and the long-tail problem in property and liability insurance' -- subject(s): Finance, Liability Insurance, Mathematical models, Property Insurance
