Do you have to pay taxes on car accident settlement from the at fault insurance company?

Answer Answer I am a resident of New York State and was involved in a personal injury accident. The settlement that I received is considered wages. You will have to check with your state and local tax law... Read More »

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Do You Have to Pay Taxes on an Accident Insurance Settlement?

The money from the insurance settlement pays for several different categories of claims. It might be money for pain and suffering, replacement of your vehicle, punitive damages or reimbursement fo... Read More »

When you are not at fault for an accident does the insurance company owe for collision insurance that I buy on the rental car?

"No", not in most cases. I am assuming for the sake of answering your question that the facts are similar to this; you were in an accident you were not at fault the other company has accepted liabl... Read More »

Do i contact my insurance company if the accident wasn't my fault?

In some cases it is not necessary to contact your insurance company in a not-at-fault accident. There are some instances when it is a necessity, however. If the driver who caused the accident left ... Read More »

Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?

Answer Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.