While you want to find the lowest rates for homeowners insurance in Canfield OH, it’s important to remember that the very lowest rates may not provide the best coverage.
If you’re looking for the lowest homeowners insurance rates within reason, you may be able to find them by investing in certain home updates. You can invest in your home to save money on insurance, and if you’re considering any of these updates or remodels anyway, take a second look with insurance savings in mind.
6 Home Updates for Lower Rates for Your Homeowners Insurance in Canfield OH
Remember that every insurance carrier is different. And before you agree to any of these updates, check with your insurance provider to determine whether they might lower your rates. You may have to follow specific guidelines to take advantage of any financial savings.
Centrally-monitored burglar alarm: Insurance companies offer discounts for updates that make your house safer. Centrally-monitored burglar alarms do that by offering a service that keeps track of when your alarm is tripped.
New roof: If you talk to your insurance provider before getting your new roof, you could have a lower bill for your homeowners insurance in Canfield OH. Your insurance provider’s guidelines will probably have to do with making your roof safer.
Updated electrical system: If your house is on the older side – or if your circuit breaker hasn’t been updated for 40 years or more – it’s probably time for an upgrade. Old or inadequate electrical infrastructure is a fire hazard.
Updated plumbing: Most plumbing is hidden, but if you notice puddles behind appliances, floors warping from water, or mold and mildew in your crawl space, parts of your plumbing may need to be updated.
Stationary generator: Some companies offer discounts for keeping a generator on the premises so you can keep your appliances functioning in the event of a power outage like a major storm.
Smoke detectors: Monitored alarms notify first responders, which increases the odds that they’ll get to your home quickly and minimize any damage from fire or smoke.
Remodeling Projects that Can Prevent Claims Against Your Homeowners Insurance in Canfield OH
Not all remodeling projects qualify for a lower homeowners insurance premium, but some may prevent your risk of claims by making your home a safer place. Here are a few to consider:
- Adding grab bars to bathrooms to prevent falls and injuries for older or weaker guests.
- Updating exterior lighting and lighting around stairs to prevent slips, trips, and falls.
- Repairing cracks in your sidewalk and driveway before they become a tripping hazard.
Whether you’re remodelling just because you want a change or because you’re on searching for the lowest rates on your homeowners insurance in Canfield OH, be sure to check with your insurance provider before making any changes. Call our office today and we’ll help you determine what you can do to lower your insurance rates.