By Joey Ahern
3 Home Upgrades That Can Lower Your Insurance Premiums
If you plan on making improvements to your house, it is important to know what may positively or negatively affect your homeowners insurance policy.
Renovations, repairs, or any changes to the structure may affect the value of your home, which can change your policy.
Here are the 3 most common home upgrades that could lower your insurance premium:
1. A New Roof
The roof is considered the single biggest factor affecting your policy. The more secure and up-to-date your roof Is, the deeper the discount.
Hip roofs with a double wrap roof-to-wall connection is the best option and can significantly lower your premium.
Note: Credits on your premium may also depend on your state and where your home is located.
2. A Better Security System
- - Burglar Alarm System
- - Smoke Detectors
- - Fire Alarm
- - Fire Extinguishers
- - Sprinkler System
3. Plumbing and electrical
Renovating or repairing your home could provide a great opportunity to update your plumbing and electrical wiring.
Electrical fires and water-related damages are at the top of the list for the most common home insurance claims. An update can substantially lower your risk of a claim.https://youtu.be/nZHiXBdCUAM