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, or Private Mortgage Insurance. Borrowers with less than 20 percent equity in their home are required to pay PMI on top of their normal payment. PMI generally costs between 0.5 percent and 1.0 percent of the cost of the loan (per year). For a $100,000 loan, expect PMI payments of $750 annually or an extra $62.50 per month. Closing costs.