Homeowners insurance deductibles:When there's damage to your home due to a covered situation, you'll pay the amount before your insurance company covers the rest. Some homeowners insurance policies have a percentage-based deductible where the deductible is a percentage of your home's insured value...
Is there a deductible for personal liability insurance? A home insurance deductible is the amount of money you’re responsible for if you make a property damage claim. However, you typically don’t have to pay a deductible for liability claims. What is Coverage E personal liability? You may ...
If you own a condo instead of a single-family home, condo insurance is an option. Condo insurance covers only the interior of your unit, as opposed to homeowners insurance, which insures both the inside and outside structure of the building. Your condo association should have an insurance po...
Homeowners insurance is a necessary part of buying a home and protects you in the event of a disaster or accident involving your home or personal
Condo insurance, or an HO-6 policy, provides financial protection similar to a homeowners policy, but with some key differences.
There are many types of perils that can cause damage to your home. Some common examples include: Fire. Hail. Theft. Vandalism. Falling objects. Whether or not your homeowners insurance covers a particular peril depends on the policy terms. There are two different types of policies that de...
Standard renters insurance usually covers losses due to theft, but certain items may only be covered up to a specified dollar amount. Bundle your policies, install protection devices, consider how you pay and increase your deductible to potentially save money on renters insurance. ...
Choosing a higher deductible means you’ll have lower premiums, but it also puts you on the hook for a bigger out-of-pocket payment in the event of a claim. What Does Homeowners Insurance Cover? Homeowners insurance provides financial protection against losses that can occur from accidents, ...
If you’re one of the lucky buyers able to drop an all-cash payment for your abode, you may not be required to take out a homeowners insurance policy. That said, there are still benefits to having homeowners insurance, detailed below, so don’t rule it out just because it’s not requ...
Is My Homeowners Insurance Tax Deductible When I Use My Home as a Business? The IRS allows a home office tax deduction for homeowners and renters. The home expenses eligible for tax deductions include insurance, mortgage loan interest, utilities, and repairs. However, you must meet specific requ...