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Is repairing damage from water leak deductible as a casulty loss with the irs?
Wiki User
∙ 12y ago
Not unless you run a repair business that didn't pay the bill for your repair. You could show that on your P&L. Otherwise it is a matter for your homeowner's insurance, not the IRS.
Wiki User
∙ 12y ago
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Where can someone get information on repairing water damage to a basement?
You can get information on repairing water damage to a basement on websites like HubPages, eHow, WiseGeek, EliteWaterDamage, TheWaterPages, and even Youtube.
Will repairing bath faucet requires repairing the bath floor too?
You should not have to repair or replace the flooring when repairing the bath faucet. Unless you had a water leak that resulted in lots of water damage to the flooring.
How do you estimate cost of repairing water damage in a home?
The cost of repairing water damage in a home is estimated by considering a number of factors. They include the type of tools and materials to be used, the plumbing working to be done, and the cost of paying the plumber.
Cost of repairing drywall water damage?
The cost of repairing drywall damage would depend on how much damage is done. If you were to buy the drywall it ranges from $10 to $30 a sheet. Plus if you hired someone then it would cost more for labor then it would if you did it yourself.
Does insurance cover leaking roofs?
repair to the roof not covered. resulting water damage covered subject to policy deductible
Where can I find good contractors to deal with drywall water damage?
Drywall water damage and the repairing of it can cost a lot of money so you definately want a good company with an excellent reputation to help you deal with this.
Will homeowners's insurance pay for a plumber to fix a water line leak in the wall that caused extensive water damage?
Yes, subject to your deductible. Call your claims rep.,
What is your best advice for repairing a wood floor that has water damage?
If you do not know how to do it properly, then have a professional do it.You do not want to make the water damage any worse.It would be best to have a professional to do it.It might cost a lot but its better for the floor.
What should you always do when treating for heat?
sit the casulty down, remove tight clothing, place a cool cloth on the forehead and give sips of water
What are some of the active ingredients of Proactive Repairing lotion?
There are many active ingredients of Proactive Repairing lotion. The biggest active ingredients in Proactive Repairing lotion are water and peroxides.
Does home owners insurance cover water damage from a water faucet left running?
Some Home Insurance Policies will cover resulting water damage from an accidental water discharge and some will not. You have to read your policy and see if you have coverage for water damage. You will also need to call a plumber for a service call first though.Basically you are looking for language in your policy that includes, "Accidental Water discharge". If you have it, then you are covered for resulting losses but the cause of the damage may not be covered. It just depends on what caused the damage.The company will generally require you repair the leak ( a maintenance issue ) before they will will pay to repair the resulting damage. There's just no point in repairing damage that will certainly happen again if the homeowner is not interested in fixing the leak.
Repairing Water Damage in the Home?
If rainwater has gotten into your home and caused damage, it is important to act quickly to avoid the possibility of mold growth since mold can cause serious health issues for those with allergies or asthma. To start cleaning up the damage, you will need to air out the room. Start by removing wet carpet and then set up several fans and leave them on overnight. If you drywall sustained damage, it may need to be replaced. If you are uncertain how severe the damage is or if you are doing enough to fix it, you should contact a professional specializing in water damage.
