What Types of Insurance are Tax Deductible?

 

  I just received a solicitation in the mail for tax-deductible life insurance from one of the companies I currently represent.  Who doesn’t love a tax deduction, right!?  I immediately opened the letter, and saw pretty much what I thought …

 

 

What is personal property coverage (coverage C) and what does it cover?

 

  Contents Coverage (Coverage C) is the portion of your homeowners insurance policy that covers the cost of replacing your possessions, or home’s contents, in the event that they are destroyed in a covered peril (wind, fire, hail, lightening, theft, …

 

 

What Does Homeowners Insurance Cover?

 

  Coverage A – Dwelling   Dwelling coverage (coverage A) is the portion of your homeowners insurance policy that covers the cost of rebuilding /repairing your home in the event that it is damaged or lost in a covered peril …

 

 

What is loss of use coverage (coverage D)?

 

  Loss of Use (Coverage D) is the portion of a standard homeowners insurance policy that protects you in the event that your home is destroyed or damaged and you must seek other living arrangements while repairs are made. Loss …

 

 

How a Dog Affects Your Homeowners Insurance

 

  The bottom line is that no matter how well behaved a dog is, there is a chance that the dog could bite someone.  Because the chance of a dog bite exists, it must be insured against.  Just like anything …

 

 

Steps to Take When Filing a Claim

 

  1. Notify your agent immediately.   2. Review your policy with your agent to determine coverage.   3. Gather the information, forms, documents, and any other necessary information you will need to process your claim.   4. Protect your …

 

 

Can my insurance company drop me for making a claim?

 

  Unfortunately, yes. Each company has its own underwriting guidelines, which indicate what risks they will assume.  This means the insurance company can cancel your policy as a result of a claim when the policy is up for renewal.  State law …

 

 

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