4 Home Improvement Projects To Lower Your Homeowner Insurance
Save Money On Home Insurance With Improvement Upgrades
Living in Iowa, we tend to have a lower average cost of home insurance premiums. The average cost is somewhere around $945.00 whereas surrounding states tend to go up to over $2,000. Your homeowner insurance is determined based on a lot of factors but one of the biggest factors is the condition/safety of your home. While we have a lower average, there are home improvement projects that can reduce the cost of your insurance giving you the advantage of making an investment in your home in the long run. We have compiled a list of upgrades you can make around the interior and exterior of your home that will pay off over time:
Lower Your Home Insurance With These Projects
Home Security System: This is one of the simplest upgrades homeowners can make to reduce policy costs. Home security may include everything from door sensors and smoke alarms to monitored systems that notify emergency personnel.
Storm-Safe Windows: With the severe weather Iowa faces year-round, installing windows that can protect your home from wind damage, hail, and severe storms can receive a credit on their homeowner policy.
Add a New Roof: Yes a new roof can be expensive but having a bad roof can cost you a lot. If your roof leaks, you’re likely to face rotting wood and interior water damage. If it is weak, hail and high impact storms can breakthrough. Depending on your insurance, they may offer some sort of discount for a roof upgrade. Installing a new roof not only protects your home in the long run but also provides a newer look to it.
Upgrade Old Electrical and Plumbing Systems: If you own a home that was built in the 1940s and ’50s, the plumbing and electrical are several decades old. Pulling out the old wiring and upgrading it to current standards will not only lower your insurance but save you money every month on your electrical bill.