Home Maintenance That Can Save You on Insurance

Homeowners insurance is essential for financially protecting your investment but can be costly. Luckily, there are ways to reduce premiums. Understanding how your home’s condition can impact insurance costs and implementing preventive measures can help keep your home in excellent shape while potentially reducing risk.

The Impact of Home Condition on Insurance Premiums

The condition of your home can directly influence your insurance rates. Insurers typically assess risk based on factors like age, construction and safety features. The following are some things you can do to potentially save on your homeowners insurance premium:

• Stay up to date on roof maintenance. Your roof can play a significant role in home insurance costs. Older roofs are more prone to damage, leading to higher premiums. You can save substantially by replacing an aging roof with a new one.
• Install a security system. Protective features, such as deadbolts, fire alarms and monitored security systems, can lead to discounts. Central station devices that alert emergency services may offer the most substantial savings.
• Upgrade home systems. Faulty home systems can cause accidental fires and water damage, leading to insurance claims. Consider installing solar panels, adding auto water shut-off valves or installing a sump pump to help prevent incidents from happening.
• Invest in smart home technology. Smart devices, such as leak detectors and temperature sensors, can help prevent disasters and reduce premiums.
• Install wind or hail-resistant upgrades. If you live in an area prone to windstorms or hail, consider investing in wind-resistant windows, reinforced doors and impact-resistant roofing materials.

By maintaining your home and making strategic improvements, you may be able to lower your homeowners insurance premiums. Inform your insurance company about any upgrades you make.

Ways to Save on Homeowners Insurance Premiums

The following are more tips you can use to potentially lower your home insurance premiums:

• Raise your deductible. Increasing your deductible can reduce your premiums. Just be prepared to cover a higher out-of-pocket cost if you file a claim.
• Avoid frequent minor claims. Filing frequent small claims may result in increased premiums. Opt for paying for minor repairs yourself to maintain a favorable claims history.
• Bundle home and auto coverage. Combining your home and auto insurance with the same provider often results in discounts.
• Improve your credit score. A better credit score can lead to lower premiums.

Home Insurance in La Habra, CA

Contact DRD Insurance Agency to review your homeowners insurance policy. We can offer recommendations to help you save on your premium.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.