Home Update for Lower Home Insurance Rates

Home Update for Lower Home Insurance Rates

Save money on your home insurance by remodeling your home smartly.

Homeowners are always looking for the most affordable homeowners insurance. They want to keep their pockets lined but receive ample coverage and protection for their home, naturally. Keep in mind that you may not always need to sacrifice coverage in order to obtain an affordable premium. Take a look at these home updates that lead to lower home insurance rates.

  • A new roof

Your roof is your home’s first line of defense against natural disasters. It’s only wise to keep your home’s roof in good condition. If your home is nearing the end of its lifespan (around 20 years), consider installing a brand new roof. Talk to your insurance agency about this improvement and you could find that you earn yourself a lower premium because of the new and improved protection.

  • Updated electrical systems

If your home is on the older side or if your circuit breaker hasn’t been updated for 40 years, it’s probably time for an upgrade. Inadequate and old electrical wiring and systems can be dangerous, creating a large fire risk. Consult a local electrician for a quote. Unless you are a qualified electrician, we don’t advise that you update the electrics yourself.

  • Fire alarms

All homes are required to have smoke detectors, but some are better at preventing damage than others. Monitored alarms trigger notifications to first responders, which improves the chances of your home being saved quickly. Some insurance companies offer discounts for a monitored smoke alarm, which is a great way to mitigate loss at home.

Keeping your property and policy claim-free means that you save money and avoid disasters. A few updates around the home can help you do just that. If you’re looking to get started on your home insurance policy that protects you and your wallet, talk to the team at Perry & Carroll, serving Elmira and neighoboring cities inNew York.