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A loss results in a settlement that pays for what?

Updated: 9/17/2019
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Q: A loss results in a settlement that pays for what?
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The estate pays the executor and the attorney. So it will be a part of the estate settlement and approved by the court.


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Comprehensive pays for loss or damage to your own vehicle due to theft, fire, and hail.


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Do you have to pay federal or state taxes on an insurance claim settlement?

For US Federal taxes, it would depend on who was paying the premiums for one thing. If you pay the premiums yourself and the loss is not business related, then no. If your employer pays the premiums or if the loss is business related then maybe. Based strictly on the information given in this question, the answer would be no.


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When a insurance policy covers replacement value a loss results in a settlement that pays for what?

BRAND NEW ITEMS TO REPLACE THE ITEMS LOST Stated otherwise, replacement value coverage pays for the replacement of a like kind and quality item when the original item has been lost or destroyed. Without replacement coverage, a property insurer is usually required to pay only the actual cash value (ACV) of the lost, destroyed, or damaged item. ACV is essentially the value of the item at the time of the loss, and significantly, takes into account depreciation based upon the age of the item. Brand new items to replace the items lost, Apex


When an insurance policy covers replacement value a loss results in a settlement that pays for what?

BRAND NEW ITEMS TO REPLACE THE ITEMS LOST Stated otherwise, replacement value coverage pays for the replacement of a like kind and quality item when the original item has been lost or destroyed. Without replacement coverage, a property insurer is usually required to pay only the actual cash value (ACV) of the lost, destroyed, or damaged item. ACV is essentially the value of the item at the time of the loss, and significantly, takes into account depreciation based upon the age of the item. Brand new items to replace the items lost, Apex


From the Trade date to the Settlement date what is the Realized Gain or Loss?

The Mark-To-Market gain or loss from trade date to settlement date will reflect any move in the currency's value over the period.