These home safety upgrades can unlock insurance savings.
No one wants to pay more for home insurance than they have to. This is why many homeowners look for ways to lower their premiums. One money-saving strategy is making your home safer with certain property upgrades. Here are some of the safety measures that can help you save on your insurance.
- How Property Upgrades Help You Save on Insurance
First, it’s important to understand that home insurance providers reward homeowners that are proactive about protecting their property. When the homeowner takes steps to reduce their risk for property damage, theft, and personal liability claims, their insurer will often reward them in the form of a home safety discount. Here are some of the ways that you can unlock this type of policy discount.
- Invest in a Home Security System
Studies show that security systems reduce the risk of homes being burglarized by more than half. When you have a security system installed at your home, you are not only protecting your belongings from being stolen; you are also protecting your home from any damage that burglars might cause during the break-in.
- Update Your Smoke Detectors
Smoke detectors are required by law in many places throughout the country, so simply having one in your home will not necessarily unlock insurance savings. However, if you go the extra mile, then your home insurance provider may take notice. By installing smoke detectors on every floor and in every room of your home, you can increase the effectiveness of your home’s fire warning system. Additionally, you can also score points with your insurance provider by connecting all your alarms, so they all go off when one detector is activated.
- Install a Sprinkler System
Fire sprinklers are a great option for homeowners who want to protect against their fire risks. These systems respond to fires inside the home and quickly release water or other flame retardants to contain the damage caused by heat, smoke, and flames. Having a water safety system can save your home for total ruin, especially if your local fire station is slow to respond or is located far away.
Making these safety upgrades to your property can help you save on your insurance. Do you have further questions about your homeowners coverage? If so, then contact the experts at East End Insurance Agency. Our dedicated team is eager to assist you with all your insurance needs today.