Insurance Claims Checks. Contacting your local erie agent. Once your car insurance claim has been approved after an accident, your insurer will issue a check to pay for the repairs.
If your own insurer is paying the claim and you have a deductible, that amount typically will be subtracted from the amount of the check, says lori conarton, spokesperson for the insurance institute of michigan. The coalition against insurance fraud estimates that illegitimate insurance claims cost about $80 billion every year and that 10 per cent of people think that insurance fraud is a victimless crime. If this is the case, you don’t have to include the amount in your income.