Blog Posts in 2023

• Posted By Dick Law Firm 2-Jun-2023

  What Factors Determine How Much Coverage I Will Receive For Roof Damage?

  The amount of coverage you will receive for roof damage is determined by several factors, including your insurance policy, the type of damage sustained, and the age and condition of your roof. Insurance Policy: The first factor that determines the ...

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• Posted By Dick Law Firm 1-Jun-2023

  Can I Change My Home Insurance Policy If I Have A Mortgage?

  Yes, you can change your home insurance policy even if you have a mortgage. However, there are some things you need to keep in mind when making changes to your policy. First, if you have a mortgage, your lender may require you to have a certain level ...

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• Posted By Dick Law Firm 1-Jun-2023

  What Are the Requirements For Workers' Compensation Insurance?

  Workers' compensation insurance is a kind of insurance that offers benefits to employees who sustain injuries or illnesses on the job. In the majority of states, companies are required to provide this form of insurance to their employees. In this ...

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• Posted By Dick Law Firm 31-May-2023

  What Types of Commercial Insurance Are Available?

  Commercial insurance comes in a variety of forms, each designed to safeguard distinct components of the firm. Following are some of the most prevalent commercial insurance policies: General Liability Insurance: This sort of insurance protects a ...

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• Posted By Dick Law Firm 31-May-2023

  How Do I Know If My Business Is Underinsured?

  It's important for business owners to ensure that they have adequate insurance coverage to protect their business against unexpected events. Underinsurance can leave a business vulnerable to significant financial losses if an incident occurs that ...

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• Posted By Dick Law Firm 30-May-2023

  Is Commercial Property Mortgage Interest Tax Deductible?

  Yes, the interest paid on a commercial property mortgage is generally tax-deductible. This means that the borrower may be able to reduce their taxable income by deducting the interest paid on their commercial mortgage from their taxable income. ...

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• Posted By Dick Law Firm 30-May-2023

  Will Commercial Insurance Cover A Car Crashing Into My Business?

  Commercial insurance may provide coverage for a car crashing into your business, depending on the type of policy and the circumstances of the incident. Here are some key points to consider: Property Insurance: Most commercial property insurance ...

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• Posted By Dick Law Firm 29-May-2023

  What is the Difference Between an Arson Claim and a Fire Claim?

  An arson claim and a fire claim are two different types of insurance claims that a property owner or insurance policyholder can file after a fire incident. The main distinction that sets them apart is the cause of the fire. A fire claim is a claim ...

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• Posted By Dick Law Firm 29-May-2023

  How Would I Know If My Home Insurance Firm Violated My Rights?

  Suppose you suspect that your home insurance company has violated your rights. In that case, it is important to understand your rights and the laws governing insurance companies. Here are some possible signs that your home insurance company may have ...

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• Posted By Dick Law Firm 28-May-2023

  Can You Write Off the Down Payment On Business Property?

  A down payment on commercial property is often not deductible as an expense on your tax return. Yet, in some cases, you may be able to deduct some or all of the down payment on commercial property. Secondly, if you use a mortgage loan to purchase the ...

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• Posted By Dick Law Firm 28-May-2023

  Does Commercial Insurance Cover Personal Use?

  No, commercial insurance generally does not cover the personal use of a vehicle or property. Commercial insurance is designed to provide coverage for business-related activities and risks. In contrast, personal insurance is designed to cover personal ...

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• Posted By Dick Law Firm 27-May-2023

  What is the Deductible for Homeowner's Insurance, and How Does it Affect My Premiums?

  A deductible is the amount of money you agree to pay out of pocket before your homeowner's insurance policy starts covering your losses. For example, if your home is damaged by a covered peril and the cost to repair the damage is $10,000, and ...

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• Posted By Dick Law Firm 27-May-2023

  Can You Write Off A Commercial Mortgage?

  In general, the interest paid on a commercial mortgage can be tax deductible. However, the specifics of the deduction depend on several factors, including the type of property being financed, the use of the property, and the amount of the mortgage. ...

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• Posted By Dick Law Firm 26-May-2023

  How Do Commercial Property Taxes Work in Texas?

  In Texas, commercial property taxes are assessed and collected by local governments, including counties, cities, and school districts. The amount of property tax owed on a commercial property is based on its appraised value and the tax rate set by ...

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• Posted By Dick Law Firm 26-May-2023

  Are There Any Tax Exemptions Or Deductions I Can Take Advantage Of As a Homeowner?

  There are several tax exemptions and deductions that homeowners can take advantage of to reduce their tax liability. Here are several of the most common ones: Mortgage Interest Deduction: Homeowners who have a mortgage on their property can deduct ...

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