Tag: home insurance

The costs related to homeowners insurance, including its premiums and any losses you incur (despite being reimbursed by insurance) are not tax-deductible. This is because most homes are used for living purposes, so the Internal Revenue Service (IRS) considers home insurance premiums similar to utility bills and other monthly expenses. Not all types of coverages offered under personal home insurance

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Knowing what your home insurance covers if your home suffers from water damage is essential because water is one of the most significant risks to your home and possessions. According to the Insurance Information Institute, nearly one in fifty homeowners report water damage or freezing yearly, making up 29% of all homeowners insurance claims. It is also one of the

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Your homeowners insurance rates depend on multiple factors. Locating the ideal home is the first step; the next is to discover an ideal homeowners insurance. While you will need to compare multiple policies before choosing the one that suits your needs, it is always a good idea to be aware of the variables that are taken into account when calculating

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Making renovations to your home is sometimes a necessary project that you must undergo. It involves planning, sketching, projecting, and designing the new look for your place. House renovation can impact your home insurance in various ways, and this could either be positive or negative depending on the type of renovation you are about to undergo. Homeowners insurance works differently

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