If you're like most people, your home is one of your largest investments and when you make improvements, you want to increase value. It is always a good idea to base your home improvements on the value they can add to a home, but many people don't realize that a number of improvements can also qualify them for discounts on their homeowners insurance premiums. Over time, paying less for home homeowners insurance can save you a substantial amount of money. Some of the top home improvements that can qualify you for a homeowners insurance discount include:
Install a Home Security System
Insurance companies that issue homeowners insurance policies carefully assess their risk to insure your home and its belongings. If you install a home security system, your risk of a burglar gaining access to your home and stealing your belongings is a lot lower, since the sound of an alarm going off deters many intruders. In addition, if you have a monitored security system, the police will be dispatched when someone is breaking into your home, so the chance of a burglar getting away with your expensive belongings diminishes.
Upgrading to Impact Doors and Windows
If you're considering upgrading the exterior doors and windows in your home, investing in impact models is a good choice. Impact doors and windows are designed to be much stronger and more durable than standard doors and windows, so they can withstand extreme weather. Many brands of impact doors and windows are tested to withstand the force of a hurricane. These types of windows and doors are also extremely hard to break into, so having them installed will add a layer of protection from extreme weather and intruders.
Replace Your Plumbing
If you live in an older home with outdated plumbing, replacing it can be a very smart choice. When you have old plumbing that may not be up to the current codes, you will pay more for homeowners insurance since their is a higher risk of pipes breaking or other plumbing problems that can result in a homeowners insurance claim. A new plumbing system will give you the peace of mind that you won't experience any problems, while also saving you money on homeowners insurance premiums.
Update the Wiring in Your Home
In this day and age, households use electricity around the clock. If the electrical system in your home is decades old, you may want to consider having an experienced electrician update the wiring to ensure that it can support your appliances and the amount of electricity that you and your family uses. After you update your old electrical system, make sure you contact your homeowners insurance company and ask about a discount.