Homeowner's insurance protects one of your most valuable assets. Most homeowners want to strike a balance between coverage and cost when it comes to securing homeowner's insurance. While you might not be able to control the premiums being charged by your local insurance agencies, you can reduce your monthly rate by making a few simple upgrades to your home.
Install a Security Alarm
The safer your home is, the less likely it is that you will file a claim with your homeowner's insurance agency. Most insurance companies will offer a discount on premiums for any upgrades that make a home more safe to reflect the reduced risk. One easy way to amp up the security in your home is to install an alarm system.
Be sure that you select a system that is centrally monitored. In the event that your alarm is triggered, the central monitoring agency will automatically dispatch authorities to your home. This can significantly reduce response time and help keep any damage in your home to a minimum.
Replace Your Roof
Most homeowners will have to replace the roof on their home at some point. A new roof can not only look great, but it can also save you some money on your monthly homeowner's insurance premiums.
Talk to your insurance agent before you invest in a new roof to obtain a list of guidelines that must be followed to qualify for any discounts. These guidelines typically have to do with the wind and leak resistance. Upgrade to a new roof and you will be able to reduce your home repair costs as well as your homeowner's insurance premiums.
Install a Stationary Generator
Some insurance providers will offer a discount to homeowners who choose to install a stationary generator. This type of generator will allow you to keep your appliances running in the event of an emergency or natural disaster.
The generator will also give you the ability to stay in your home when the power goes out. An occupied property is less likely to be targeted by thieves, so the generator can add to the safety of your home.
Saving money on your monthly homeowner's insurance can be beneficial. One of the easiest ways to reduce insurance costs is to make upgrades that will improve the durability and safety of your home. Talk to your insurance agent to identify more ways that you can save in the future.