Article Summary: Homeowners’ insurance generally won’t be tax-deductible if you live in the home that you’ve insured. However, if you rent out a part of your property or use the home as a vacation rental, then it’s considered a tax-deductible expense related to your business. Unfortunately, homeownership insurance premiums are typically not tax-deductible for your […]
Article Summary: Insurance protects you against all kinds of disasters. In some cases, insurance is required. Landlords, for instance, require renter’s insurance within lease agreements. However, it takes time to process a newly purchased policy, and you’ll want to be protected during this time. This is where an insurance binder comes in. An insurance binder […]
Article Summary: Hazard insurance is a part of a homeowners insurance that offers financial compensation for sudden and accidental damage to your property. When you get a mortgage, lenders require you to purchase hazard insurance to protect the investment. In most cases, the insurance is included in the mortgage’s monthly payment. The cost of a […]
If you’re a homeowner and own your vehicle, you could probably use a way to lower the cost of home and auto insurance. Did you know that you could save 5-25% on insurance costs just by getting both insurance policies from the same company? Read on to learn how to bundle home and auto insurance. […]
Sponsored content by Lemonade Insurance Company If you’re in the habit of buying stuff you don’t need, like signing up for gym memberships you never use, you might also be paying too much for things like bank fees, loans, and insurance. No matter if you’re living the single-life or juggling a few rugrats, you’re likely […]
When you own a home, homeowners insurance is part of the deal. It helps to protect the biggest asset most people have in their lifetime. But it’s also expensive. How do you know if you’re overpaying on insurance premiums? How much should homeowners insurance cost you? In this article, we’ll teach you how much you […]
$250,000 The maximum claim for damages to residential property with a regular flood insurance policy. for damages to residential property If you live in a flood-prone area and have standard flood insurance, the coverage may not be enough. You may need excess flood coverage. And you’ll want to figure it out before a flood occurs—doing so […]
Insurance is a booming business in the U.S. Last year, $1.2 trillion in net premiums were written. Life and health insurance accounted for 52% of that while property and casualty insurance accounted for the other 48%. But what if you invest in insurance to protect yourself against a loss and then nothing ever happens? Then, you’ve paid for nothing. […]
When you buy a house, you’re likely told how important it is to obtain homeowners insurance. It’s usually a requirement by your lender. What you may or may not know is that your policy might include other structures coverage. Other structures coverage can be helpful for some home buyers. However, it can also be an […]
No doubt you’re a responsible homeowner. You always make sure to maintain your home, but accidents happen. Luckily, if a guest gets injured in your home, your homeowners or renters insurance may cover certain medical expenses. It’s called guest medical coverage and is included in most plans. Read on to find out what companies include guest […]
The list below contains a list of the best home insurance companies right now. If you’re looking for a list of the best renter’s insurance companies for the current year, take a look here. Each year, an average of six out of every 100 homeowners in the U.S. file a home insurance claim, which has […]
While many people probably wish they could get a straightforward home and property insurance policy that covers everything, it doesn’t exist. If it did, you probably wouldn’t want to pay the premium that came along with it anyway. Covering every possible situation would result in too many claims for the insurer. After all, they are […]
Water damage due to broken pipes and other perils cause a great deal of damage for U.S. homeowners each year. In fact, it holds the spot as the second most frequently claimed cause of loss according to ISO. So, it’s important to know about home insurance that covers plumbing problems. Being the case, homeowners need […]
Home appliances help us all live day-to-day life much more comfortably. And, now, Americans use about three times the number of appliances than we did 35 years ago. It’s not until one of them breaks that we realize just how big of a role it plays; all of a sudden it takes an hour to […]
Water damage and freezing accounted for the largest share of homeowners insurance losses from 2014 to 2016, according to the Insurance Information Institute (III). The good news is, homeowners and renters insurance policies typically cover water damage. However, the question you need to ask is, “What kind of water damage will be covered?” That’s where […]
Article Summary Airbnb’s Host Guarantee is useful as a property damage protection program. It offers hosts up to $1,000,000 in property damage protection if guests (or their friends) cause damage during an Airbnb stay. However, it is not as comprehensive as you might think. Many Airbnb hosts prefer to get additional coverage through their home […]
As of 2017, 89.7 million dogs lived in households in the U.S, according to the American Pet Product Association. That is about one dog for every four people in the country. It should come to no surprise that home insurance that covers dogs is a necessity if you have a furry friend at home. 33% of […]
Buying a home is often considered a wise investment. 81% of Americans believe that housing is the best long-term investment they can make. However, to get a good return on that investment, everything from the roof to the foundation has to stay in good working condition. And it’s not just the house itself, but also […]
Over the years, you’ve probably accumulated a lot of stuff in your home. The average American household has over 300,000 items, according to one estimate (source). If a disaster such as a flood, fire, or theft were to destroy your home, would you recall all the details necessary to provide a claim report to your insurance […]
Home insurance gives you peace-of-mind about owning a home because if damage is to occur, your costs will be covered. It’s a helpful protection to have as, according to the Insurance Information Institute, one out of every 15 homeowners who have home insurance file a claim each year. But what if you file a claim […]
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