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<p>[QUOTE="Razz, post: 8499790, member: 100526"]A quick Google says insurance on property replacement is generally not taxable. As I stated above, you have not gained anything and just been made whole (that is back to where you were). It is not income and therefore not taxable. Nothing is gained until or unless you sell or the insurance company overpays you.[/QUOTE]</p><p><br /></p>
[QUOTE="Razz, post: 8499790, member: 100526"]A quick Google says insurance on property replacement is generally not taxable. As I stated above, you have not gained anything and just been made whole (that is back to where you were). It is not income and therefore not taxable. Nothing is gained until or unless you sell or the insurance company overpays you.[/QUOTE]
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