Who knew doing a few simple chores and maintenance upkeep around your home could also put money back in your bank account? How? Some of these spring cleaning standards could help you qualify for home insurance discounts.
Discounts on homeowners insurance
Most home insurance providers offer discounts or other price breaks when policyholders take action to make their homes safer or generally lower their chances of filing a claim. You’ll have to check with your provider – different carriers offer different discounts, and the availability of some price breaks varies by state.
But many of these tips can result in savings of up to 20% – sometimes it’s as simple as just letting your provider know you already qualify. Case in point: Living near a fire department is a rating factor – others include the type and age of your roof and the type of electrical system you have – that can lower your premium from the start.
Here are some actions you can take that could save you money:
- Upgrading and renovating: Not everyone has money to undertake major projects and repairs. But if you do, consider updating older appliances, installing new impact-resistant roofing or rewiring your home. Check with your insurance agent before embarking on any of these endeavors, though. Some projects may have greater savings than others, and your agent might be able to help you set priorities to maximize your home insurance savings. Also, don’t try to be a DIY hero if you don’t think you can complete a big task that would be better left to the professionals. Not everyone is Bob Vila.
- Where there’s smoke: Every home should have smoke and carbon monoxide detectors. If yours doesn’t, get them installed – immediately! If you do, add them to your list of things that could help bump your premium down. And go ahead and change the batteries or update detectors that are 10 years old or older as part of your spring cleaning regimen.
- Digging in the dirt: Spring is a time of renewal, and your yard should get some attention, too. It could be adding value to your home in more than one way. Did you know that some of the most common yard tasks also can help you deter burglars? Trimming hedges eliminates hiding places, putting down crunchy gravel near windows lets you hear when someone is outside your home, and cutting low-hanging tree limbs means no one can gain access to windows or upper stories of your home. Think of these as precautions and DIY home security measures. Oh, and if you want to go all out on home security, have a monitored system installed. Some providers provide discounts of 10% or more when you do.
- Easy wins: Do you live in a gated community? Does your neighborhood have a homeowners association? Is there a fire hydrant on your block? These are all hidden home insurance benefits that you might be able to take advantage of, depending on your insurance provider and policy.
As the weather warms up and you get elbow-deep into your yearly spring cleaning routine, remember to add these tasks to your list. You could end up with a cleaner, safer home – and deeper pockets.