Can You Deduct Home Insurance On Rental Property?

1. 

   37376 POINTS

   view profile
   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Home insurance is an expense of holding property for lease.  The premium for the policy would be deductible on your schedule C.  Incidentally, the type of policy is important.  If you only have a landlord interest in property you only need a “fire policy.”  The homeowner’s policy covers things for which you are not responsible so there isn’t a need to buy insurance to protect it, such as tenant’s contents, and primary liability if someone is injured on the property.

   Answered on May 19, 2014

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.