When Is Homeowners Insurance Deductible On Taxes? 
The only time that a homeowners premium would be deductible is if it was a business expense . If part of your home is used for business purposes and you declare that on your income tax , that portion covering that percentage of your home would also be deductible . Under some circumstances a homeowners policy might be purchased on a home that is let out to someone else . This would rarely be recommended but if it happened , the premium would be deductible as a business expense . 