Homeowners Insurance Tax Deductible

In most cases, homeowners insurance is included in a mortgage agreement. This means that the lender is responsible for coverage of your home and property. In some cases, you may be required to carry additional insurance policies, such as flood insurance, in order to maintain your coverage. It's important to research your specific policy before signing anything so you're fully protected in the event of a loss.

There are a few things to keep in mind when purchasing homeowners insurance for an older home. First, make sure the policy covers all of the areas that are typically covered by standard homeowner's policies: structure and contents (the property you live in), personal property (items inside your home), and liability (damage you or others cause to someone else's property). Second, be sure to ask about any discounts or special benefits that may be available to owners of older homes. Finally, always contact your insurer if there is any question about coverage or benefits.