Are you looking to renovate while getting a return on your investment? In addition to increasing your home's value, you may also be able to lower your home insurance premiums. Here are some of the most common improvements that can help with your insurance.
Roof Upgrades
The type of roof you have and its condition can both affect what you pay for insurance. The type is important because different types of installations have different wind ratings. A roof that has a better chance of staying attached during a hurricane, tornado, or other storm creates a lower risk for you and the insurance company. If your roof is in poor condition, it has a higher chance of getting damaged by wind or collapsing under a fallen tree, even if it originally had the latest safety features.
Pool Safety
A pool is an attractive nuisance. That means you're liable not only if something happens to someone you invited over but also if something happens to a trespasser. Fences, locked screen enclosures, and pool alarms can all help to reduce your liability and insurance costs.
Security Systems
Security systems can range anywhere from old-fashioned, heavy deadbolt locks to video doorbells. Burglar alarms are another popular option.
Home insurance policies often offer clearly defined discounts for specific security features. Check yours to see what you might be able to add to bring down your premiums.
New Garage Door
Like your roof, garage doors have varying ability to withstand wind. If your garage door fails, the wind usually pushes up and into your attic and ceiling and eventually takes off your roof.
Some newer garage doors are more reinforced than older models. You can also add braces to an existing garage door to give it more strength. The amount of the insurance discount you'll receive will vary based on your policy. If can also depend on whether you're in a location that's more likely to have hurricanes, tornadoes, or other high-wind storms.