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What do deductible mean?
A deductible is the amount of money that an insured person must pay out-of-pocket before their insurance coverage kicks in to pay for claims. For example, if you have a deductible of $500, you must pay that amount for covered services before your insurer starts to cover additional costs. Deductibles can vary based on the type of insurance policy, such as health, auto, or homeowners insurance, and often influence the premium costs. Higher deductibles typically result in lower monthly premiums and vice versa.
What happens when inherited property is sold for taxes?
If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.
Do veterans have to pay taxes?
Yes everybody must pay taxes.
What taxes must be paid on a residence?
Homeowners typically pay property taxes, which are assessed based on the property's value and vary by location. Additionally, if the residence is sold, capital gains tax may apply on any profit made from the sale, depending on exemptions and the homeowner's tax situation. Mortgage interest may be deductible on federal income taxes, providing some tax relief. Homeowners should also consider any local taxes or fees related to home ownership.
Does the IRS ever forgive a person for delinquent income tax?
If you qualify, they do! You must present your case, its all based on your ability to pay. If you can not pay, then you have options to settle and resolve your back taxes. Do not wait any longer, resolve and get your life back in order!
How can homeowners insurance pay for homeowners association dues if i cannot pay?
It won't. Homeowners insurance is protection from sudden accidental losses, it does cover association dues.
Does a homeowners insurance policy have to have the name of the current owners on the policy?
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
Which of these is a disadvantage of buying a house instead of renting?
Homeowners must pay for all repairs themselves. Homeowners need to buy homeowners insurance. They usually have higher utility bills. Homeowners pay property taxes. However, the advantages to owning your own home are usually worth it.
Your well went dry Shouldn't your homeowners insurance pay to get it running?
Very doubtful, the homeowners policy isn't a maintence policy, all losses must be sudden and accidental and a 'named' peril must have caused the loss. Additionally, this issue would probably be determined to be an "Act of God," thus placing the loss outside of insurance coverage.
Will homeowners pay if your vehicle hits your garage?
yes subject to your homeowners deductible
Does homeowners insurance pay for an accident of someone who lives in the house and injures themselves on the property?
It's called "personal liability" coverage, and virtually all homeowners policies have it.
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
Will homeowners insurance pay to remove mold?
No
Can a homeowners association force you to pay fees or dues?
Yes, a homeowners association can legally require homeowners to pay fees or dues as outlined in the association's governing documents, such as the bylaws or covenants. Failure to pay these fees can result in penalties or legal action by the association.
Does my homeowners insurance pay for your loss of pay when you fall in your own home and out of work?
No
How can you get your homeowners insurance to pay for new carpet?
You can't.
Do i have to pay homeowners assoication fee?
Yes. If you purchased property that was subject to a recorded Homeowner's Association Declaration of Restrictions and Covenants then you must pay the fees. The rules are in the declaration and you can review them at the local land records office.
