Is Homeowners Insurance Tax Deductible?

Insurance Q&A: “Is homeowner’s insurance tax deductible?” The true cost of owning a piece of property is often substantially higher than just your monthly mortgage payment. The two biggest additional costs come in the form of property taxes and insurance. And while the continuation of the mortgage interest tax deduction is currently up in the [...]

Condominium Unit Owners Insurance

Unlike a homeowner’s insurance policy, condominium (and renters) insurance policies are designed to cover your personal property and liability, not the physical structure you live in. The coverage difference is due to a key aspect of insurance, which says you must have a financial interest in something in order to benefit financially from a loss. [...]

State Farm Renters Insurance Review

Finally! A television ad campaign from State Farm that actually talks about one of their insurance products, as opposed to simply showing Lebron James dancing in a parking structure. But wait, it gets better. The new insurance-centric ad focuses on one specific product, State Farm’s renters insurance program. In fact, they specifically tout the ability [...]

Is It Bad to Let Insurance Coverage Lapse?

Spoiler alert! Yes, it is generally bad news to allow your insurance to lapse, no matter what type of insurance you’re talking about. Insurers don’t like it for a few different reasons, and in most cases, you can expect to shell out more of your hard-earned dollars if you let your coverage expire. Why Do [...]

Top 10 Lies Told By Insurance Agents and Their Customers

The relationship between an insurance agent and an insured should be a close one, built on mutual respect and most of all, trust. Of course, there may be complaints on both sides. You may feel like your agent only calls you when he or she needs money, and your agent may feel like you only [...]