Month: February 2023

What are the Types of Home Insurance

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There are three types of home insurance: dwelling coverage, personal property coverage, and liability coverage. Dwelling coverage protects your home itself from damage, while personal property coverage protects your belongings from damage or theft. Liability insurance covers you in case someone is injured on your property. There are many types of home insurance policies available … Read more

Is Home Insurance Tax Deductible for Rental Property

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No, home insurance is not tax deductible for rental property. The Internal Revenue Service (IRS) only allows taxpayers to deduct the cost of insuring their primary residence and second home, not investment or rental property. If you’re a landlord, you may be wondering if home insurance is tax deductible for rental property. The answer is … Read more