That doesn't seem quite "complete".
If the payout was to fix/replace the renter's property that you do not own, then none of the payout would be reportable on your tax return. Basically, it would have been paid out under the liability clause of your claim. If the payout was to replace/fix property that you own, then anything in excess of actual costs to replace/fix the insured item would be reportable. Most likely, the payout would have been less than your replacement/repair cost. Especially if a deductible applies.
