Posted on: 18 June 2018
Homeowner's insurance is a necessary expense if you have a mortgage, or if you want to protect the investment that you made in the home that you purchased. Although homeowner's insurance is a necessary expense, it is an expense that you can have a little control over. With the right improvements to your home, you can lower your home insurance premium rates.
1. Install a New Roof
If your roof is getting on the older side of things, it is time to install a new roof on your home. Replacing a decades-old roof with a new roof will increase the protection of your home. A new roof will increase the value of your home and decrease the value of your premium. A new roof will help decrease your premium as it helps protect your home and reduces the chance of your home sustaining water damage.
2. Upgrading Your Electrical System
One of the side effects of purchasing an older home is that means many of the systems inside of the home are old as well. If you have a home that has been around for decades, that means that its electrical system has also been around for decades.
Over the years, our demands for electricity has only increased, and many older homes do not have the wiring set-up to handle these demands. Older electrical systems are not set-up to handle the same electrical demands and are often seen as a bigger fire hazard.
Updating the electrical wiring and circuity in your home can allow you to meet your modern electrical needs. It can also increase the safety of your home by decreasing the risk of a fire. This can help lower your insurance premium.
3. Install Stronger Windows
Another home upgrade that can increase the value of your home while decreasing the value of your premium are stronger windows. For example, if you live in an area that has hurricanes and tornadoes, installing impact-resistant windows can help protect your home from flying debris. You can also add shutters that are storm-resistant to your home as well. Shutters provide an added layer of protection when a strong storm hits.
In areas that don't get strong storms, impact resistant windows can help keep intruders out of your home and increase the safety of your home.
This summer, make improvements to your home that will help improve the value, safety, and security of your home while also helping lower your insurance premium. Upgrading your home can help you downgrade your insurance premium. For more information, contact a company like Boone Ritter Insurance.Share