Generally, prospects of permanently increased cash rents lead to increases in farmland prices. Since 2006, average cash rents in Illinois increased from $132 per acre in 2006 to $234 per acre in 2014, representing an increase of 77%.
If you're a landlord and claim rental income on your home, your homeowners' insurance on the portion of the property used for rental becomes tax-deductible. When you own several properties and those properties are used only for rental income, then all of the homeowners' insurance is tax-deductible. Consult your tax preparer for more details on how to deduct homeowners' insurance.
Your lawyer is correct. Homeowners insurance and renters insurance both cover personal liability and medical expense to others. Subject to the terms of the policy of course. This is covered under Section II of most policies. The deductible generally doesn't apply either.elevance. Rating Newest Oldest. Best Answer: Both homeowners and renters insurance does cover personal injury protection, but it is personal injury liability protection. It protects you in case you cause an injury and another person takes action against you.