How Does an Insurance Claim Affect My Taxes or Tax Return? What Homeowners Need to Know!
When disaster strikes, filing an insurance claim is often your first step toward recovering financially and restoring your home. But many policyholders are left wondering—how does this impact my taxes? Will receiving a claim payout raise my tax bill, reduce my refund, or trigger IRS scrutiny?
When Should You Review or Revise Your Home Insurance Policy?
Home insurance isn’t a “set it and forget it” kind of protection. Life changes, and so do the needs of your home and family. Whether you've recently renovated, welcomed a new family member, or experienced a shift in finances, it’s essential to regularly review, revise, or adjust your home insurance policy to ensure it still provides the coverage you truly need.
Spring Cleaning: Protect Your Home and Prevent Insurance Claims
Spring is the perfect time to refresh your home after a long winter—but did you know that proper spring cleaning and maintenance can also help you avoid costly insurance claims? By taking the time to inspect and clean key areas of your home, both inside and out, you can prevent damage, reduce risks, and ensure your insurance coverage remains intact.
State Farm Caught in Billion-Dollar Controversy in California
State Farm is currently facing significant backlash in California following controversial remarks made by one of its executives. The company swiftly cut ties with the individual, distancing itself from comments that showed little sympathy for victims of California’s devastating wildfires.
Are You Leaving Money on the Table? How to Ensure You Get the Insurance Payout You Deserve
When disaster strikes, whether it’s storm damage, fire, water, or any other property loss, the first thing homeowners and business owners do is turn to their insurance company for help. After all, that’s why you’ve been faithfully paying premiums, right? Unfortunately, what many policyholders don’t realize is that insurance companies often undervalue claims—offering settlements that barely cover a fraction of the real repair costs.
AI in Insurance Claims: A Cause for Concern?
Certain insurance providers use of AI in handling insurance claims has raised concerns after reports revealed that AI drafts claims-related emails, with human adjusters only reviewing them. Can AI be used ethically in the insurance industry or will unchecked implementation erode trust and fairness?
10 Ways A House Covered In Snow & Ice Can Be Damaged
Winter wonderlands can be beautiful, but snow and ice can wreak havoc on your home if you're not prepared. Here are 10 ways snow and ice can damage your house, along with tips to prevent costly repairs.
The 10 Biggest Myths of Home Insurance
Home insurance is a crucial aspect of protecting your property, yet many homeowners operate under misconceptions that can lead to inadequate coverage or unexpected costs. The sad reality is, most people do not actually know what, how, or why their insurance covers what it does. Here’s a look at ten of the most common myths about home insurance, along with the truths behind them.