Update Your Home Lately? It Could Save You On Insurance Costs
Posted on: 30 October 2014
It's important to let your home insurance provider know when you update your home because you need the coverage altered, and it could save you money. If you are taking the time to make your home more modern and safe, your insurance company could be willing to give you a discount on your policy.
Replacing some of the appliances and the structural components or adding new features throughout the home is something that must be done over time, and you want to give your insurance company detailed information.
Water Heater Replacement
An old traditional hot water heater can be the cause of a house fire if it isn't maintained and inspected properly. The gas lines can corrode and crack, there can be problems with the pilot, and electrical issues can occur. Replacing the water heater can reduce the chances of a fire hazard, especially if you replace the large tank with a tankless option.
New Roofing Shingles
Have you put new roofing shingles on your home in the last few years? This can reduce your chances of having a roof leak. Have you replaced your shingles with a robust material, like slate or metal, that is fire and impact resistant? These are additional characteristics that can save you money on home insurance expenses.
Upgrading the Windows
Upgrading the windows in your home is a great way to protect the home because it can prevent moisture and pests from getting in, which could cost your insurance provider money. If you purchased new windows that had locks on them, you are helping to reduce the chance of a break-in, which also impresses your insurance company.
Adding Security
If you added a home security system to your property, this could reduce your chances of experiencing a home invasion by 300 percent. The system will also notify the authorities if a fire is detected. The discount you get should be enough to help contribute to the monthly expense you pay for the system.
Not only are all of these updates going to help with your home insurance expenses, but they are going to improve the property value and resale potential of your home. Shop around annually to make sure you're getting the best deal on the home coverage that you need, and so you can negotiate the price. Ask the agents about other discounts, like paying online or going paperless to save even more. Visit http://www.collinginsurance.com/ for more information.
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