How to Lower Your Homeowners Insurance Premiums with Repairs
- By Joshua Zitting
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- 21 Sep, 2021
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The bane of the existence of many homeowners is paying for high homeowners insurance. What many people do not realize is that there are convenient ways to lower their premiums. Keep in mind that homeowners insurance premiums will tend to rise higher when there is a greater risk of accidents or untoward incidents happening in the home. Therefore, the best way to lower your insurance premiums is to reduce the risk that an accident will occur in your home. In short, doing strategic repairs may help you lower your insurance premiums.
Who would have thought that the power to lower your insurance payments was in your toolbox all along? If you want to renovate your home and achieve lower homeowners insurance premiums in the process, this blog post will guide you on how to reach this goal!
How to Lower Your Homeowners Insurance Premiums with Repairs
If you want to try and lower your insurance premiums by doing renovations on your home, here are the essential things you need to know before you get started!
What Type of Repairs Should You Prioritize?
To effectively lower your premiums by doing home repairs, you need to be aware of the specific features in your home where insurance providers usually look when they assess risk in your home.
1 - Roof
The age of your roof, as well as its shape and condition, will determine eligibility for insurance providers. Ensuring that your roof is still able to protect your home against the elements effectively will help you lower your premium payments and keep your home safe.
2 - Storm Protection
The state laws of Florida require all the openings of a home to be secured. This will ensure that your home will not easily be infiltrated during hurricane season.
3 - Security System
A solid security system will protect your home from break-ins and robberies and will also help lower risk, effectively lowering your insurance premiums.
4 - Electrical and Plumbing Systems
If you have an older home, your plumbing and electrical system may need serious maintenance, if not a complete overhaul. Talking to a plumber and electrician will help update your systems and keep your home safe.
When Should Home Improvements Be Made?
Ideally, to be able to take advantage of the most benefits, all repairs should be finished before hurricane season hits. You will be granted the peace of mind that your home will be able to withstand any storms that come your way and at the same time, you may be able to lower the insurance premiums you pay.
Contact Your Insurance Agent
If you are at a loss at which part of your home to repair or renovate first, it is wise to get in contact with your insurance agent. They will advise you on which parts of your home will have the most bearing on lowering insurance premiums.
Conclusion
Since Florida is one of the most (if not the most) hurricane-prone states in the US, it may be within your best interest to look into ways to lower your homeowners insurance premiums and make your home safer at the same time. If you are interested in getting started on this process and realize a considerable amount of savings because of your home improvements, talk to your insurance representative.
Should you be interested in getting a good deal for your homeowners insurance in Stanford, FL, come to Sanford Insurance Center! We offer homeowners insurance, mobile home insurance, auto and motorcycle insurance, RV insurance, and more! Contact us today and get the best insurance for your home!
