1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    That honestly is a question for your accountant or tax attorney. It may be possible to deduct at least a portion of the premium if you operate your business out of your home. In situations like that, certain portions of household expenses MAY be deductible as a business expense and it might be possible that some of your Homeowners' premium might therefore also be.
    Answered on October 17, 2014
  2. 1045 POINTS
    Karl Renwanz
    Renwanz Insurance & Financial Solutions, Carlsbad, CA
    If the home insurance premium is for a house that you own and operate exclusively as a rental, the answer would generally be yes. If you are talking about deducting home insurance premiums which cover fire, comprehensive and title insurance for your residence it would generally be no. However, if you use a portion of your home for business, there might be a way for a portion of your home insurance premium to be deducted from your taxes. There are a lot of "what-ifs" surrounding this issue so this is a question for your tax advisor.
    Answered on October 18, 2014
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