Homeowner's insurance is a great safety net in the event that something happens to your house, but it can get a little pricey sometimes. However, there are a myriad of options available to lower your insurance premiums, such as bundling all of your insurance policies through one company or maintaining a good credit score. You can even perform a few home improvements that can dramatically lower your insurance costs, such as installing a new roof, security system, and impact windows.
Replacing your roof is one of the single most effective ways of lowering your home insurance premiums, especially if you live in an area where high winds are responsible for damaging shingles and roofing tiles. Some of the improvements that you can make that will affect your insurance policy are upgrading to waterproof materials or installing safeguards to help prevent your tiles and shingles from flying off the roof during a hurricane.
This particular home improvement can knock a fair amount off of your home insurance premiums. While the amount that will be discounted will vary by state and company, you can expect to see a discount of up to 20% on your premiums.
Another effective way to lower your home insurance premiums is to add features that will make it less likely that your home will be vandalized or robbed. Since security systems will lower the chances that you will have to make a claim in order to fix items that were broken or stolen by an intruder, your insurance company will be more than happy to offer you a discount on your policy.
Just make sure that you actually notify your insurance company about the new security system so that you can get the discounts. Many people end up installing a security system and never notify their insurance company, which means those people miss out on substantial savings.
Impact windows will actually lower your insurance premiums for several reasons. First, these windows will make it much harder for anyone to break into your home, mostly because the intruder will need to break two panes of glass and dig the shards out of the film in between the panes of glass. This gives you or your family more time to notice the activity and call the police.
Second, these windows will reduce the chances of you having to make a claim due to an injury in your home because someone was cut by shards of glass during a storm. The same film that makes it difficult for people to break into your home also keeps shards of glass in place if a piece of debris strikes your windows. This helps to prevent shards of glass from ending up on your floor or flying through the air.
Speak to your home insurance agent, one like Kim Farner Agency, about the many renovations you can perform that can lower your insurance costs. Impact windows, a new roof, and security system are all great choices if you want to take advantage of home insurance discounts.