When you buy homeowners insurance, you'll find that the premiums vary widely from company to company and from property to property. If you're looking for ways to save money on your homeowner's insurance, it's important to understand the elements that affect your policy. Here's a look at a few of the things that you can do to help save money on your home insurance premiums.
Install A Security System
When your home has a passive alarm system, that added security measure can reduce your home insurance premium. Not only that, but many carriers will give you an even greater home security discount if you install a system that is connected to a central monitoring system with real-time response and emergency services notifications.
Fences with locking gates are great for property security and access control. When you have a fence that encloses your entire property with an access control gate, this improves security and reduces your liability risks, which can lead to savings on your policy.
That's not the only type of fence that can save you money. If you have a swimming pool, trampoline, or any other potential safety hazards on your property, you should enclose them with a fence as well.
Replace Exterior Door Locks With Deadbolts
When you buy a house, the first thing you should do is ensure that every exterior door has a deadbolt lock. Installing deadbolts on your exterior doors reduces the risk of a breach into your home and the resulting loss. As a result, you'll likely get an additional home security discount on your policy for the replacement.
Invest In Smoke, Gas, And Carbon Monoxide Detection
Insurance companies look for preventative measures when they underwrite home insurance policies. Preventative measures such as detectors for carbon monoxide, gas, and smoke can lead to increased savings with additional safety deductions.
Protect The House With Sprinkler Systems
Although sprinkler systems used to be considered a commercial property investment, more residential properties have invested in them in recent years. Talk with a residential sprinkler system contractor today for more help and information. They can guide you to a system that will protect your home and save you money on your home insurance.
These are just a few of the many ways to reduce the cost of your home insurance premiums. The more you understand about the discounts and deductions, the easier it is to save money on your policy.
For more information about homeowner's insurance, contact a local provider.