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| *Loan,banking and credit>>>property insurance |
When filing insurance claim for personal property is the tax addedto the cost to be replaced? |
Replacement cost added to personal propertyfor Insurance claim for fire loss Yes, the adjuster will add the local sales tax amount to the cost to replace. They should show it seperately. Yes. I believe it is. Sales tax is included if you total your car. I would not see why it would not be on personal property. Wait for MBRCATZ to answer. She is VERY knowledgeable. I have not seen her give an incorrect answer yet. Hmm. I would think so. You will get paid for the tax. When filing the claim you are stating the amount it will be to replace it. In most cases, the company is going to pay you the actual cash value (depreciated amount) of the item. After you have replaced it, you turn in the receipts and they pay you the difference between the actual cash value and the amount it cost you to replace the item. The tax is included. 20+ years as an agent. |
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