Your homeowners insurance policy will always have a set deductible for you to decide on. Smart and responsible homeowners know that choosing the right amount of deductible can save you the trouble when an emergency occurs and you need to file a claim. However, if you’re confused over the right amount of deductible for your … Read more
You’ve purchased flood insurance and properly protected your home and your assets in the event of a flood. Now, if a flood comes along and destroys your belongings and your property, your insurance will cover the complete costs of repairs, right? Not entirely – it all depends on how much you’ve put down for your … Read more
Water damage is generally covered by your standard homeowners insurance policy. Burst pipes, water seepage from roof damage, or when your roof is totally blown out in the event of a hurricane, you can have a bit of relief knowing that your insurer will be there to the rescue. But while water damage can be … Read more
If your home is located in an area that has high chances of being affected by a hurricane, chances are your homeowners insurance policy will include hurricane deductible. As a result of increased popularity and development along the east coast, as well as, areas facing the Gulf of Mexico, this deductible has been added to … Read more
Your home insurance is not tax deductible if your home is used solely for your personal residence. According to the Internal Revenue Service (IRS), your home insurance premiums are nondeductible expenses. Any payments for insurance, including comprehensive and fire coverage, can’t be itemized as deductions on your tax return. However, there are some cases when … Read more
