Cape Coral Insurance Center

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Home Improvements That Reduce Your Home Insurance

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By Meha Ahmad,

It might sound hard to believe, but it’s true: spending money can actually save you money, especially when it comes to your home insurance. Spending a few dollars on home improvements now can reduce your home insurance and put a significant amount of cash back into your pocket in the long run.  Here are just a few home improvements that can save you money on your home insurance premium:

  • Home improvement #1 – Alarm systems: Installing a burglar alarm system can get you a discount of 5 percent on your home insurance premium. Putting in something as inexpensive and simple as deadbolt locks can earn another 5 percent discount. But get ready for a discount of 15 to 20 percent (depending on your insurance provider) if you decide to install a very sophisticated home alarm system. Notify your insurer and see which alarm systems will earn you a significant home insurance discount.
  • Home improvement #2 Smoke alarm: Insurance providers not only want to thwart criminals, but also house fires. A great home improvement investment is a smoke alarm, which can not only save your life, but also save your money. Installing a proper smoke alarm system can get you another 5 percent discount off of your home insurance premium. Also, keeping a fire extinguisher on each floor or in each room can lower home insurance premiums.
  • Home improvement #3 – Shatterproof Windows – Windows break for a dozen reasons: burglars, severe storms, hail, or the kid next door pitching a curve ball into your kitchen. If you’re looking for a home improvement that will withstand the test of time, shatterproof windows fit the bill. But consult your home insurance agent before you purchase anything (you’ll want to make sure you actually get the discount before you spend a cent!).A related home improvement that will get you a reduced home insurance premium is impact-resistant doors. Ask your home insurance agent which ones they recommend.
  • Home improvement #4 – Update plumbing and wiring systems: This home improvement can save a lot of money in the longrun on your home insurance and will also save you a headache from future complications old systems can have. You can pay up to 10-15 percent less on your homeowners insurance if you have updated plumbing and wiring systems. Generally, they should be upgraded every 10 years.
  • Home improvement #5 – Update your heating system. If you have an outdated heating system (anything over a decade old), get an upgraded, newer system. A newer system is probably more energy-efficient and a lot less likely to overheat and possibly cause a fire or other expensive complications. Energy-saving tip: Most modern homes have a programmable thermostat; if yours doesn’t, consider getting one, because these little gadgets will allow you to control and conserve the amount of energy used to cool and heat your home.
  • Home improvement #6 – Motion-sensitive lights/illumination – This home improvement greatly reduces the risk of home theft and, therefore, should help you find lower home insurance rates.
  • Home improvement #7 Roof covering – Severe storms, hail, the wearing down over time leaves your roof at risk of sustaining significant damage. Invest in a roof covering made of impact-resistant materials that are designed to withstand severe conditions.

All of these improvements can definitely put you on the path to reducing your insurance premium.  After putting these improvements into consideration, it’s best to contact your homeowners insurance agent, as well as get a few free homeowners insurance quotes from other home insurance agents By using our online quote forms to ensure you’re getting the best coverage possible.  In turn, saving you money and increasing the value of your home.

Written by Cape Coral Insurance Center

May 1, 2012 at 1:33 PM

Posted in Home, Insurance

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