Q: Is the money recovered from a UIM claim taxable?

Brad Medcalf2025-09-18T16:15:04-05:00September 18th, 2025|Car Accident Injury Information|

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Q: Is the money recovered from a UIM claim taxable?

A: No. Just like the liability payment you receive from the at-fault party’s insurance is tax-free, any recovery from your own UIM coverage is also tax-free.

For more information on UIM Claims:

Q: What is Underinsured Motorist (UIM) Coverage, and why should all Missouri drivers have it?

Does full coverage auto insurance in Missouri include UIM?

Q: What is the difference between Uninsured (UM) and Underinsured (UIM) coverage?

Q: How does UIM coverage work?

Q: Will making a UIM claim affect my insurance rates?

Q: Is UIM coverage expensive?

Q: What types of damages can UIM coverage help pay for?

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