Can Homeowners Insurance Cover Home Renovations?

Can Homeowners Insurance Cover Home Renovations?

Renovations have become increasingly prevalent in recent years as people prefer to update or extend their existing living space rather than relocate. If you plan to renovate your property, you may require the appropriate home insurance. In any case, it is usually a requirement that you notify your insurer BEFORE any work begins. Although insurers have no hard and fast rules for what they will accept, it is usual to have restrictions or conditions placed on your policy according to the type Read More

10 Easy Ways to Lower Your Homeowners Insurance Costs

how to lower your homeowners insurance costs

Depending on the insurance company you buy your policy from, the cost of your homeowners' insurance might vary by hundreds of dollars. However, your home insurance policy need not always be expensive. There are some easy ways using which you can save on your home insurance premium. When purchasing homeowners' insurance, keep the tips provided in this article in mind to save on your home insurance costs. Don't mix the price you paid for your home with the rebuilding cost- The land Read More

Are My Homeowners Premiums Tax Deductible in 2022?

Are My Homeowners Premiums Tax Deductible

When you file your taxes each year, you look for write-offs or deductions that you can use to reduce your tax debt. You can use many of your business expenses as deductions. There are even occasions where you may be able to deduct a portion of your household premiums and other expenses from your yearly taxes. Understanding what counts as a deduction and what doesn't will help you keep accurate records. What Are Deductions? Deductions are expenditures that detract from your income. If you own a Read More

Claiming Your AC Unit on Your Homeowners’ Policy

Claiming Your AC Unit on Your Homeowners' Policy

Having a working air conditioner is a must during the hot summer months. If your AC unit is damaged, you may be able to file an insurance claim to have it repaired or replaced. You will need to know what caused the damage before filing your claim. It's also important to know what perils are included in your policy. Document the damage and call your insurance agent to get more information. You should also take a few good pictures that show the extent of your damage. When Are AC Units Read More

Some Common Home Buying Myths You Should Be Aware of

Some Common Home Buying Myths You Should Be Aware of

First-time homebuyers are often led astray by myths that make the process much more complicated than it really needs to be. Learning the key facts about the home buying process will open up doors that many may have thought were closed. Take a few minutes and discuss your options with a reputable insurance agent, and you might find out that buying a home is much easier than you thought. It will also help you get the best deal on a mortgage. 20% Down Payment Is Always Required Contrary to Read More

What Can Get Your Home Insurance Canceled?

What Can Get Your Home Insurance Canceled

You might be perplexed at the sudden cancelation or non-renewal of your home insurance, but most of the time it’s a result of something you’ve overlooked in your insurance policy, and you may realize that it’s too late. A home insurance policy is necessary for every homeowner to have, which is why you should pay special attention to the policy you’re getting and the conditions that follow. Reasons for Home Insurance Cancelation Misdemeanor: A homeowners insurance policy can only be Read More

How to Best Handle Water Damage at Home?

Handle Water Damage at Home

Any losses caused by water intruding into a material, structure, or system, and triggering destructive processes such as rotting of wood, swelling of composite wood, rusting of steel, bacteria growth, mold growth, de-lamination of materials like plywood, and so on to attack the material, structure, or system. Water stains that gradually damage a surface may be imperceptibly slow and minor, or they may be sudden and disastrous, such as broken pipes and flooding. Water damage, regardless of how Read More