Ah home insurance, the necessary expense we must all pay to own a house of our own. I’m sure we’ve wondered if there were ways that we could reduce our monthly premiums. Well, we sat down to have a think about it and compiled a few structural renovations you can implement to help save money on your home insurance.
Alarm/Security Systems to mark your home as safer, more secure and become much more appealing to insurers.
Fire monitoring systems to detect smoke and carbon dioxide or monoxide can merit discounts – but should be stressed as integral lifesaving devices.
Plumbing system upgrade for older homes that may be vulnerable to corroded piping. Look into replacing old lead or galvanized pipes with modern alternatives like copper. Not only will your premium benefit, but your family’s health may too!
Electrical wiring upgrade, like plumbing in older homes, may require a rehaul if faulty from age. Upgrading to adhere to safety standards reduces risk of fire and is a substantially positive note for lower your insurance costs.
A sewer backup valve, for anyone who has experienced drain blockage and its damage, is a SERIOUSLY underrated addition to your home. Trust us, insurance companies dislike it just as much as you. Ensure it won’t happen and both parties will be happy!
Install a sump pump to prevent basement or ground floor flooding. There are additional overland water damage policies you could explore, or a more appealing option to avoid flooding completely with the pump and backup battery system. Some insurers may reward you for this investment.
Renovate your Roof if you own an older home that may be susceptible to leaking and ensuing water/weather damage. It’s a big project but may well be worthwhile if there any major issues that could concern insurance companies. Fixing those issues will greatly assure them.
Installing deadbolts on your outdoor locks makes far harder work prospective burglars and will deter your home being robbed. Insurers will acknowledge your foresight for security and is an inexpensive way of discounting your policy.
We hope these help in your pursuit of lowering your home insurance costs. Think of the things that you’ll be able to do with the money saved in your premium and reap the additional awards of a safer, healthier and higher-priced home!