I had a house fire in 2022. In the winter, I had insane gas bills since most of my ceiling and insulation were missing.
I sent the utility bills to my insurance company. My adjuster said they'd reimburse the difference. When they sent me money, I asked my adjuster to break it down for my taxes. His response was, "Policy owes for the increased cost. Not your total bill. So we paid $463 for increased cost." That doesn't really tell me anything. The amount they paid would account for maybe one month's increase in my gas bill. So I plan to simply put my utilities into TurboTax. The total gas bill for 2024 was $2990.62. Most of that ($2,386.55) was in the first 5 months of the year. I asked my adjuster how the amount was calculated. If I get an answer, it probably won't matter. I figure, they snatched that number out of the air.
