Usage-based Insurance (UBI) is a car insurance coverage that tracks the policyholders’ driving habits through in-vehicle monitoring systems (IVMS). The tracking devices transmit the insurance company’s real-time driving data, such as speed and distance traveled. Thus, the cost of UBI policies is hinged on the actual risk. How Do Car Monitoring Devices and Apps Work?
Month: October 2021
Generally, homeowners insurance premiums are not tax-deductible. However, in some exceptional circumstances, for instance, when you rent out your property or work from home, you may be able to claim a tax deduction on your homeowner’s insurance premiums. What Is a Tax Deduction? You’re obligated to pay taxes annually on your wages, salary, or other