Insurance Tax Deduction

[Paul C.]

I've been reading IRS Publication 527 to better understand the tax accounting for rental properties. I'm not sure how to interpret this statement about insurance:

"Insurance premiums paid in advance. If you pay an insurance premium for more than one year in advance, for each year of coverage you can deduct the part of the premium payment that will apply to that year. You cannot deduct the total premium in the year you pay it. See Publication 535, chapter 6, for information on deductible premiums."

Does this only apply if the length of the policy is longer than one year or if the policy spans more than one calendar eyar?

My policies are always for one year, but they may go over a calendar year. So for example, if my policy premium is $1,200 from July 1, 2013 to June 30, 2014, can I take the full $1,200 deduciton in 2013 or do I need to take half in 2013 and half in 2014?

Thanks,
Paul