Home insurance may be a substantial part of your monthly budget, so it’s worth your time to price out common home upgrades and see which ones may lower your insurance rates. There are numerous home upgrades that may reward you with home insurance credits or lowered premiums.
- Home Security System
One of the biggest things you can do for your home is to install a home security system. Home security systems can, of course, protect against burglaries that lead to home damage and property loss. However, many also alert homeowners to rising water levels and other threats that can lead to property damage.
- New Roof
Homeowners in areas that are prone to hail often benefit from the installation of a new roof. Even if your roof isn’t often subjected to severe weather conditions, age naturally leads to deterioration, putting your home at risk for water, tornado, or wildfire damage. For additional savings, you may want to consider a fortified roof that utilizes extra-sturdy materials.
Fencing is a relatively inexpensive and time-efficient home improvement that can lead to lower home insurance rates. A sturdy fence detracts burglars and vandalism, keeping your property values high. Additionally, fencing can keep out neighbors and reduce the risk of a trespasser getting hurt on your property and seeking compensation through your home insurance policy.
- Water Shutoff Devices
Flooding often leads to substantial home damage, so any upgrade that can protect your home from flooding could lead to lower homeowners’ insurance premiums. Look into devices that turn off the home’s water supply if rising water levels are detected. Water leak sensors, including those offered by some home security companies, may also qualify you for a discount. These sensors often send a text or notification to the homeowner if rising water levels are detected or if water is detected where it shouldn’t be.
- New Structural Systems
Electrical, heating, and plumbing systems can be expensive upgrades or repairs—however, taking the plunge may boost your property value or entitle you to home insurance discounts. These upgrades protect your home against a number of threats, including flooding, electrical fires, or burst pipes caused by low temperatures.
A reliable generator can protect your home during a number of natural emergencies. It keeps a steady supply of power to air conditioning units, sump pumps, dehumidifiers, refrigerators, and other appliances, minimizing damages and property loss. Discounts vary, and you typically need to have the generator installed by a licensed professional.
Not only do home improvements make your home a more enjoyable place to live, they can save you money. If you run into struggles with your home insurance company after filing a claim, you need a strong legal representative on your side. Contact The Monfiston Firm, P.A. at 888-988-FIRM (3476) to schedule your consultation.