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Are auto accident insurance proceeds taxable?

After a vehicle accident, you may receive compensation. If this happens, one of your next actions should be to discover whether you received taxable insurance proceeds. The Internal Revenue Service (IRS) has specific guidelines in place to determine which insurance proceeds are taxable. The IRS considers each type of payment to have specific purposes, so...

After a vehicle accident, you may receive compensation. If t...

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Can your auto insurance drop you after a claim?

You’ve filed a car insurance claim and are waiting for your provider to provide financial assistance. Can your insurance drop you after an insurance claim? When should you be worried your insurance company will cancel your policy or hike up your rates? Can your insurance company drop you after an accident? How until your insurance...

You’ve filed a car insurance claim and are waiting for you...

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How to File a Car Insurance Claim | Insurance Claim Guide

When you buy car insurance, you’re hoping to never have to use it. The whole purpose of insurance, however, is to be there when you need it. If you are in an accident, know how to file a car insurance claim. We are here to help you understand what to expect when filing a car...

When you buy car insurance, you’re hoping to never hav...

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Totaled Car Value Calculator (2022)

If you’ve recently been involved in a collision, then you know that the financial repercussions can be immense. Not only do you sometimes have to deal with medical bills, but the repairs to your car can be costly as well. Expensive repairs don’t always necessarily follow catastrophic collisions. Sometimes, something simple like a fender bender...

If you’ve recently been involved in a collision, then ...

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Someone hit my car, whose insurance do I call?

Do you know what to do when someone hits your parked car? When you’re in a car accident, you can quickly become overwhelmed with questions and anxieties. Sometimes when people are hit by another driver in an accident they can make some basic mistakes. For example, if I have affordable auto insurance and someone hit...

Do you know what to do when someone hits your parked car? Wh...

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How do insurance companies value totaled cars?

Anything from a collision to a fender bender can result in a total loss claim. Even what may not appear to be a big issue can lead to a totaled car – minor body damage can hide major mechanical issues. Finding out your vehicle is a total loss can be shocking if you don’t fully...

Anything from a collision to a fender bender can result in a...

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How do I make a car insurance claim when not at fault?

When you get into an accident, the fault determination has a lot to do with which auto insurance company takes care of the benefits. Being not at fault for a collision typically means that the other party’s insurance company will pay for your repair bills and your medical bills as long as the amount is...

When you get into an accident, the fault determination has a...

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