Is Renters Insurance A Tax Write Off? 
Generally speaking the expenses involved with your residence are not deductible -LRB- except for the interest on a mortgage and property taxes . -RRB- However , if part of the residence is being used for business purposes , either as an office in the home , or even a storage facility , a portion of the expenses of the home can be deducted , including insurance , as a reasonable business expenses . That portion is the part of the building being used for the business purposes . 