DIY Projects To Help You Save On Home Insurancesiadmin January 23, 2019
Do-it-yourself (DIY) projects do more than improve the look of your home for a lower cost. They can also help you save on home insurance premiums. The insurance companies love when homeowners make regular repairs and updates because this tells them that the home is well-maintained. Well-kept homes are less likely to have major problems, such as plumbing issues that can lead to flooding or electrical issues that can lead to a fire.
Let’s take a look at some of the most cost-effective DIY projects that you can tackle to save on home insurance.
The roof is one of the most important parts of the home. However, because it’s difficult to access, rooftops are often overlooked by homeowners. Unfortunately, if you don’t know what’s going on with your roof, you can’t be sure that it can handle the threat of inclement weather and natural disasters.
To prevent major storm damage, be proactive in roof maintenance. Have your roof inspected every few years, possibly sooner if you live in an area that is prone to hurricanes, tornadoes, and strong winds. If you do need a new roof, choose a tough material, such as metal or tile.
Ask your insurance company about discounts you can get by choosing a roof material other than asphalt. Also ask about discounts that you can receive by having regular maintenance and inspections done. Preventive maintenance allows you to make small spot repairs rather than full replacements that can cost thousands of dollars.
Pool Safety Improvements
Having a personal swimming pool in your backyard is a wonderful addition, but it does come with extra responsibility. Death by drowning is one of the leading causes of death among children 1-14 years old, so the insurance companies automatically look at homes with pools as being higher risk.
To lower this risk, you can have a safety fence built around the pool. (This is a requirement in the state of New Jersey.) Insurance companies will often give a discount for installing a fence that complies with the state’s codes. Safety fences lower the risk for accidental drownings and other injuries, plus makes swimming pools less likely to be vandalized.
Home Safety Improvements
By making home safety improvements, you can noticeably reduce the cost of your homeowners insurance premiums. And adding a battery back-up to sump pumps and/or a whole house generator could also help premiums. Again, the insurance companies favor homes that are less likely to be vandalized, burglarized, or damaged, which is why they offer a small discount for safety upgrades.
Before making home safety improvements, talk to your insurance company about what guidelines you have to meet and how much you can save. You want your updates to give you the return you’re looking for. Some of the best DIY home improvements are:
- Put up smoke detectors and carbon monoxide detectors
- Install a home sprinkler system
- Use shatterproof windows
- Put in motion-sensor lighting
- Check all electrical wiring
- Install leak detectors
- Put up storm shutters
- Install a home security system
Are you ready to save on your home insurance? Contact the Soden Agency for a free quote on homeowners insurance.