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By
tounces7
| 27
How is an insurance claim going to deplete the rest of your taxes? Isn't that the point of having insurance?
By
2deployments1divorce
| 7
oH No wÜt coUnty do YoU LiVE thAt iT's a MAjOr fINACial burDen tOO hAvE an AUTOMOBILE AcCiDeNt?
COMMENTS
By
2deployments1divorce
| 7
oH No wÜt coUnty do YoU LiVE thAt iT's a MAjOr fINACial burDen tOO hAvE an AUTOMOBILE AcCiDeNt?
Reply
EmDizzle2007
| 28
you could have not done any of that.
By
tounces7
| 27
How is an insurance claim going to deplete the rest of your taxes? Isn't that the point of having insurance?
Reply
Cheryl Brown
| 4
Maybe they have a deductible. Some can be awful expensive
Reply
PoisonMonkey
| 3
it's called a "deductible".
Reply
tounces7
| 27
Liability doesn't have a deductible though, that's only for covering your own vehicle. And how much damage could he manage to do to his car with just a fence, that it would require immediate repair?
By
checamuk
| 7
I don't understand this. How does claiming on your car insurance affect your taxes?
Reply
Cheryl Brown
| 4
Maybe they have this thing called a deductible. Some can be really high like 1,000$
By
PoisonMonkey
| 3
For those not understanding how this will use up the rest of their tax refund, it's called a "Deductible" Those who have never dealt with a deductible are apparently still on mommy and daddies insurance. Those of us with our own insurance policies cannot always afford getting a policy with a $0 deductible. They might have a $500 or $1,000 deductible meaning they have to pay the first $500 or $1,000 of the total repair bill before the insurance pays the rest.
Reply
tounces7
| 27
Yeah no I'm 41. Deductibles aren't applicable to liability.
Reply
checamuk
| 7
I'm not a child, I'm just not American! I didn't understand what was meant by "taxes" (since to me they are what you pay to the government and have nothing to do with insurance) but I assume from other comments it is a tax refund. Also, we don't have deductibles. We have excess, but it looks like it is the same thing.
By
Baby_123
| 8
Ever heard of a deductible? Oops I meant to comment on one of the other comments sry everyone
By
sarahcroy20
| 12
What??? I don't understand. What does your insurance company have to do with your taxes?