[CLBS] car insurance proceeds
Ford Elsaesser
ford at ejame.com
Mon Nov 9 13:07:02 MST 2015
I believe unencumbered car ins proceeds or the right to receive them are not exempt unless they are cold cash under the wild card limit-ford
-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of David Brown
Sent: Monday, November 09, 2015 11:48 AM
To: clbs at admws.idaho.gov
Subject: [CLBS] car insurance proceeds
Friends, a little help please.
There is no exemption for car insurance proceeds correct? (car gets totalled and insurance pays proceeds). I have exempted life insurance proceeds before under Idaho Code 41. However I do not believe there is a similar exemption for car insurance proceeds unless I am missing something, correct? ( I suppose I can always use wild card but wanted to see if there is something specific on car insurance proceeds).
Thank you kindly for helping confirm my thoughts or setting me straight if there is an exemption. Dave Brown _______________________________________________
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