Renovations make your home more comfortable while increasing its resale value. But did you know they can also lower your monthly insurance bill? Here are some remodeling projects homeowners in the Frederick, MD area can use to positively impact their homeowner’s insurance rates.
- Working on your roof has a huge impact on your insurance liability. The roof is the most common source of moisture damage. Insurance providers are willing to cut you a deal for taking good care of your roof. Repairing or replacing your roof reduces the likelihood that you’ll need to make a claim in the first place.
- Upgrade your plumbing to see some monthly insurance savings. Older homes with degrading water and septic systems are a hazard waiting to happen. Modernizing your waterworks lowers the possibility of catastrophe. Insurance companies show their appreciation by making you pay less for homeowner’s coverage.
- Work from home to consolidate coverage costs. Self-employed persons and entrepreneurs who rent separate office space can save an extra monthly premium by creating a workspace in their home. Take note that inventory, equipment, and business supplies may not be covered by your existing homeowner’s policy. Talk to an agent at Wellspring Insurance Network Inc. for more information.
- Another way to prolong the life of your home while lowering your insurance costs is to refurbish your electrical systems. Upgrading your electrical system reduces the chance of accidental fires. Insurance companies offer special perks and premiums to those willing to invest in new panels, wiring, and lighting.
Wellspring Insurance Network Inc. serves the insurance needs of residents and businesses in the Frederick, MD area. Contact us for more ways to reduce your monthly homeowner insurance premiums.