Insurance Blog

Archive for the ‘Homeowners Insurance’ Category

There are two large maple trees in my backyard. They were planted when the house was built in 1955. Recently we had some plumbing work done on our house in the basement crawlspace and the plumber told us that the roots of the trees are starting to come into the basement. If they continue they will damage the foundation of the house. Is removing the trees something that my homeowners Insurance will cover because they are damaging the house?If so what do I need to do to get them to cover it?

Doubt it. Homeowners Insurance is to repair damage, not perform maintenance. If a tree fell on your house, they would pay to repair the damages.

I read somewhere that homeowners insurance was deductible, but my tax guy has never mentioned it and we’ve never taken it as a deduction. Just thought I’d check.

Homeowners Insurance is deductible if it insures a rental property. If you are taking a deduction for office in the home, then a proportional amount of your homeowners Insurance would be factored into the deduction.

I would like to know precisely what is covered and to what amount it is covered under a Homeowners Insurance policy.

This varies from policy to policy. Be sure to check with your Insurance agent. Ours only covered $500 worth so we had to get a "rider" to cover my jewelry.