Here are a few projects that actually might help you save money on insurance:
1) Update your Heating, Ventilation, and Air Conditioning (HVAC) System
The outdoor air conditioner's insulation lines may rot, wear and age. It can cost the homeowner valuable energy. Replacing the rotten insulation will be a great DIY project.
Measure the diameter of the air conditioner first and order the insulation. Seal the tubing ends. Next, cut the length of the new insulation and install the new foam.
2) Improvements in the Roof
The roof is one of the most important parts of your home for reasons that should be obvious. It is best to be proactive in roof maintenance. Homeowners should invest in roofing that is impact-resistant especially if they live in places that experience hail and high winds like we do. Talk to your agent first, but an updated roof could cut insurance premiums by as much as 30-40%.
3) Safety Improvements for the Fence and Pool
A fence around the swimming pools is a smart insurance saver and for good reason: it could save a life!
Aside from the insurance benefit, security measures protect the neighbors and homeowner to reduce the chance of people wandering into the yard and falling into the pool. The accidental drowning can lead to a lawsuit.
Fences can also lower premiums because they act as a barrier to burglary and vandalism.
4) Always Check Security
Lots of improvements enable homeowners to improve safety that may lower the premiums in insurance.
1) Installation of smoke detectors and home sprinkler systems.
2) Use of shatterproof windows aside from standard windows.
3) Putting in lighting that is motion sensitive.
4) Ensuring that the electrical wiring is updated. Insurance companies make sure that the power wiring is up to code to prevent electrical fires.
5) Installation of leak detectors to warn homeowners of plumbing failures that plug-in or battery-operated temperature sensors that detect furnace breakdowns that can lead to the bursting or freezing of pipes.
The leak detector's installation can be an easy DIY project. It will sound the alarm and shut off the main water line valve of the home automatically when the water touches the sensor. Installing this may drop insurance premiums around 2 to 5 percent.
Before attempting any DIY improvement projects for the purpose of saving money, you should probably consult your insurance agent first to get a list of available discounts. For example, your alarm system may need to meet certain criteria to reduce premiums. Make sure that you are following the guidelines before investing in home improvement projects if that’s an important driving factor for you.
At Cornerstone Insurance Agency it’s important to us that we help all clients pay the lowest rate possible for the homeowners insurance coverage they need. To learn more about how we can help you please contact our agency at (770) 413-0807 or Click Here to request a free quote.