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Car insurance companies will read the accident report after it is filed. Insurance companies. Your car insurance company will decide which claims they fulfill and which they do not. If the other ...
In the United States, for federal taxes payable to the IRS, the money awarded in a personal injury settlement as compensation for pain and suffering, medical expenses and property damage is not ordinarily taxable. Exceptions may apply, for example, if a plaintiff took a tax deduction in a prior year for medical expenses that are recovered ...
Report the accident to law enforcement: Most states require you to contact law enforcement in the event of an accident, especially one with injuries. Even if the injuries appear minor, you should ...
Every state has a different statute of limitations when it comes to how long you have to report a car accident. The standard across most states is within 10 days of the accident but some ...
Michigan normally has a cap of $280,000 for "noneconomic loss," which is defined as "damages or loss due to pain, suffering, inconvenience, physical impairment, or physical disfigurement, loss of society and companionship, whether claimed under section 29222 or otherwise, loss of consortium, or other noneconomic loss. [32]
If an insured driver hits a car full of people and is found by the insurance company to be liable, the insurance company will pay $25,000 of one person's medical bills but will not exceed $50,000 for other people injured in the accident. The insurance company will not pay more than $25,000 for property damage in repairs to the vehicle that the ...
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