If you deduct the cost of your hot tub on your tax return and in the next year obtain reimbursement from an insurance company, you would then have to declare that reimbursement as income on your next year's tax return.
Private mortgage insurance (PMI) is an insurance policy that protects lenders from the risk of default and foreclosure, and ... Understanding Private Mortgage Insurance. Private mortgage insurance, or PMI, protects lenders against loss if a borrower defaults.
Private mortgage insurance (PMI) is a type of mortgage insurance used with conventional loans. Like other kinds of mortgage insurance, PMI protects the lenderânot youâif you stop making payments on your loan. PMI is arranged by the lender and provided by private insurance companies.