Everybody is always looking for a win-win situation, so here’s one that applies to home insurance. You can make your home safer with both minor and major home improvements and end up paying less for your home insurance. It may sound too good to be true, but having a safe home makes you less likely to need to file insurance claims, which saves the insurance company money–a savings that it passes on in part to you, the customer.
To make your home safer on the outside, you can add hardy building materials like fire-resistant siding. If you live in an area prone to high winds or hurricanes, such as the East Coast of Texas, storm shutters and premium shingles with a higher wind rating installed correctly can make your home safer. A heavy duty garage door can also make your home safer from break-ins and the elements. All of these exterior improvements may get you cheaper insurance rates, as long as you make your agent aware of them.
There are also improvements you can implement inside your home that can make it safer and lower your insurance rates. Installing no-burst stainless steel hoses on your washer and dryer can save you headaches and save up to ten percent on your insurance premiums. Having smoke detectors and carbon monoxide detectors in your home is required by law in Texas, but adding a burglar alarm with remote monitoring service might get you an insurance discount. Putting a leak detector on your main water line is a move that could save you even more on your home insurance. In addition, fire extinguishers will make your home safer and may save you some insurance money.
Of course, one of the best tips to save money on insurance is to shop around and compare rates. Your best bet is to get online comparative quotes from multiple insurance companies so that you can be absolutely sure that you are getting the best rate possible on your home insurance.