Blog Posts in May, 2023

• 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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• Posted By Dick Law Firm 25-May-2023

  Does Commercial Insurance Cover Identity Theft?

  Commercial insurance may provide coverage for identity theft, depending on the type of policy and the circumstances of the incident. Here are some key points to consider: Cyber Liability Insurance: Many businesses purchase cyber liability insurance ...

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• Posted By Dick Law Firm 25-May-2023

  Can You Get a Mortgage On Commercial Property?

  Yes, it is possible to obtain a mortgage on commercial property. A commercial property mortgage is similar to a residential mortgage, but it is used to finance the purchase or refinance of a non-residential property. Commercial mortgages are ...

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• Posted By Dick Law Firm 24-May-2023

  What Is Commercial Truck Insurance?

  Commercial truck insurance is a form of insurance that protects commercial trucks and their drivers from potential liability and financial losses that may occur during company operations. This insurance is often required for companies that own or ...

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• Posted By Dick Law Firm 24-May-2023

  Does Home Insurance Cover A Fallen Ceiling?

  In general, homeowner's insurance policies cover damage caused by sudden and unforeseen catastrophes, such as a falling ceiling. The specifics of coverage, however, depend on the type of policy and the cause of the damage. If a ceiling collapses ...

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• Posted By Dick Law Firm 23-May-2023

  What Isn't Covered By Commercial Insurance?

  Commercial insurance policies typically have exclusions and limitations on coverage. Here are some common examples of what commercial insurance may not cover: Intentional Acts: Commercial insurance policies generally do not provide coverage for ...

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• Posted By Dick Law Firm 23-May-2023

  What Are Reasons to Update My Commercial Car Insurance?

  Commercial car insurance is an important aspect of protecting your business from financial loss and liability in the event of an accident or other incident involving your commercial vehicles. However, it's important to regularly review and update ...

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• Posted By Dick Law Firm 22-May-2023

  Can I Bundle My Home Insurance and Commercial Insurance

  Yes, it is possible to bundle your home insurance and commercial insurance policies. Bundling refers to combining multiple insurance policies from the same provider to get a discount or other benefits. Many insurance companies offer bundled policies ...

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• Posted By Dick Law Firm 21-May-2023

  Can I Get An Inspection After I Purchase Home Insurance?

  Yes, you can get an inspection after purchasing home insurance. In fact, some insurance companies may require a home inspection before providing coverage, while others may offer it as an option to policyholders. A home inspection is typically ...

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• Posted By Dick Law Firm 20-May-2023

  What Do I Need to Know Before Purchasing A Commercial Insurance Policy?

  Purchasing a commercial insurance policy is an essential step in protecting your business and your financial assets. Here are some important pieces of information you should know before buying a commercial insurance policy: Types of coverage: ...

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• Posted By Dick Law Firm 19-May-2023

  What Are Some Tips For Navigating the Insurance Marketplace?

  Navigating the insurance marketplace can be overwhelming, especially if you are unfamiliar with various insurance policies and providers. Whether you are looking for personal insurance coverage, such as health or auto insurance, or commercial ...

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• Posted By Dick Law Firm 18-May-2023

  What Can I Do If I'm Denied Commercial Auto Insurance?

  Commercial auto insurance is a type of insurance coverage that is designed to protect businesses that use vehicles for work-related purposes. If you are denied commercial auto insurance, it can be frustrating and concerning, but there are steps you ...

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• Posted By Dick Law Firm 11-May-2023

  What Information Do I Need to Know Before Purchasing A Home Insurance Policy?

  Purchasing a home insurance policy is an essential step in protecting your property and your finances. Here are some important pieces of information you should know before buying a home insurance policy: Coverage options: It's essential to ...

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• Posted By Dick Law Firm 11-May-2023

  Will My Home Insurance Cover Damages If A Tree Fell Onto My Roof?

  Your house insurance may or may not cover the damages if a tree falls on your roof, depending on the circumstances and the policy's coverage. Normally, home insurance covers losses brought on by unforeseen occurrences or mishaps, like trees ...

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