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Does Making My Home Safer Reduce My Insurance Cost?

Here are Five Home Improvement Tips to Make Your Home Safer. When thinking about home improvement, we often dream about aesthetic enhancements and creature comforts. While a new tile floor or a cool new gadget for either the man cave or the kitchen may be the first thing that comes to mind, you should also consider home improvements that can make your home safer. Not only do these upgrades keep you and your loved ones safer at home, but they have the added bonus of lowering your homeowners insurance rates; because if there’s one thing insurance companies love, it’s safety!

What Home Improvements Will Lower My Insurance Rate?

There are a wide variety of home improvements that can lower your insurance rates. Most of these rest on the principle that a safer home, with newer features, is less likely to experience sudden and unexpected accidents that result in homeowners insurance claims. Check out the following tips the professionals at Capital Gate Insurance have learned in our many years of experience.

  1. Security Upgrades

A great way to lower your insurance while making your home safer is to install a home security system. A central burglar and fire alarm will earn you a discount with most insurance companies. If you don’t have them already, install smoke detectors, fire extinguishers and deadbolts to reduce the risk of fire and theft in your home.

  1. Upgrade Your Home’s Features

Many insurance companies will consider the age of your home’s wiring, plumbing, furnace, water heater or roof when calculating your insurance rate. Newer features are safer and therefore less likely to cause a claim. Talk to your agent to find out if you are eligible for a reduced rate for any of these updates you have or will perform!

  1. Reduce Flood Risk

Many New York homeowners reside in flood zones. While you cannot control whether your home is in a flood zone, you can take precautions like moving your utilities aboveground, installing proper flood openings, or adding a sump pump if you do not already have one. Even at our own building here at Capital Gate we have an electric sump pump and slightly above we have a battery sump pump in the event the power goes out. Being thoroughly prepared for a potential flood is always the best course of action. As an added bonus, these improvements can also save you money on your flood policy!

  1. Clear the Clutter

Do you have precarious trees or shrubs on your property? How about a detached garage or shed? All of those factors count as risks, and could be adding to your homeowners insurance. Removing any unstable structures or rotting trees that may fall and cause damage is always a good idea!

  1. Why Are Some Home Improvements Not Worth It?

While it may be your dream to have an inground pool at home, it’s your insurance company’s nightmare. Pools are among the leading causes of home accidents. Many insurers will even deny coverage for homes with pools! Insurance companies are indeed adamant about having a proper locked fence around the perimeter of the pool area at the very least for safety. The same goes for trampolines, for much the same reason. All so fun for the kids, but a trampoline is a huge liability factor which a company even may elect not to offer a quote for your home.

Do You Wish You Could Pay Half of Your Insurance Bill?

The Best Way to Improve Your Homeowner’s Insurance Rate – Call Capital Gate Insurance – where the competition just can’t stack up to our rates! Whenever you make a change to your home or other property, you should let your insurance agent know. Home enhancements don’t have to just cost you money – they can save you money in the long run by lowering your insurance rates! Our licensed insurance experts at Capital Gate Insurance can review your policy and find you additional discounts on your current policy, or do what we do best, shop your policy to one of our trusted companies to get you the best coverage and the best rate around. Not only that, but we at Capital Gate know all about home improvement: we remodeled our office ourselves and our corporate office is a safe place to work. Don’t waste your money for another day giving it to the insurance companies that stand to profit the most – Call our agents to make the switch today. (518)389-2610 #WhenYouWishYouCouldPayHalf

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