if there is no physical injury, I think it's reasonable to assume the payment only covers the value lost in the car.
I checked my textbook (very old through, 1996 edition) , there is nothing about car insurance proceeds.
car insurance proceeds for physical injury are non-taxable
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if the payment only covers the value lost in the car
-caliber-
♂
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11/02/2008 postreply
19:46:43