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The Actual Cash Value (ACV) or fair Market value is determined by several factors, i.e. 1)geographical area (what your vehicle is worth in San Francisco will be different than Dallas; 2)physical condition of your vehicle; 3)mileage; 4)is your vehicle restored? new paint,new engine, interior? What I always would tell the insured is to always keep records and have recent photos of your vehicle. The companies most used to value your vehicle are ADP and CCC. Request a copy of this valuation and review it for correctness. Challenge what aspects you feel are incorrect.
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Do you pay taxes on fire insurance payouts?
no, as claims under fire insurance are totally tax free
Do you pay taxes on a business insurance settlement from a fire?
No
Does home insurance pay for home equity line of credit when you have a house fire?
No, it won't pay your mortgage note or your equity line note, but your homeowners insurance will pay to repair the fire damage to your home.
Will insurance pay if someone dies in fire on your land?
It would only pay only if the land owner were determined to be liable for the fire.
Is any insurance for fire damages?
Fire damage insurance is usually a part of your homeowners or renters insurance. Depending on your desired level of coverage, it may be necessary to pay an additional premium.
Are electrical faults covered in home insurance?
depends what you mean, insurance will pay for a fire from an faulty electrical system, the insurance company will not pay for the faulty product itself only the resulting damage.
What happens if you get caught in Texas with no car insurance?
You have to pay penalty fare which is maximum $5000 and points on your license.
Your friend was caught without car insurance and had his license suspended but is unable to pay insurance or fines and will lose his job without a car Is there anything he can do?
If he has to have a car to keep his job, but can't get his license reinstated or pay for the insurance, then he won't be able to keep his job.
Would homeowners insurance pay for carpeting that was damaged by a fire started accidentally in the home?
Yes
What is arsonist?
An arsonist is a person that likes to set things on fire, not just as an addiction but sometimes for pay or for insurance.
Who will give you house insurance after a house fire?
You can buy it anywhere, depending though on the reason for the fire you may pay a higher premium than before.
Does a neighbors insurance have to pay you for fire damage to your property caused by your neighbor?
Yes, in most cases your neighbor's insurance may be responsible for paying for fire damage to your property caused by your neighbor's negligence. You would typically need to file a claim with your neighbor's insurance company to seek compensation for the damages.
