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.
PMI is private mortgage insurance, and insures the lender against loan failure on a conventional loan. This charge can be paid in several ways: monthly, one time financed premium, one time cash premium, or a split of the two.The amount depends on the down payment, loan term, and credit score of the buyer.MI is private mortgage insurance, and insures the lender against loan failure on a conventional loan. This charge can be paid in several ways: monthly, one time financed premium, one time cash premium, or a split of the two.