Home Safety Upgrades That Lower Insurance Rates

Apr 09, 2020

Homeowners Insurance

Home Safety Upgrades That Lower Insurance Rates

Unlock home insurance discounts and protect lives and property by making these upgrades.

No one wants to pay more for their homeowners insurance than they have to. Fortunately, there are several ways that you can save on your premium, at the same time protect your home from potential harm. You can unlock home insurance discounts by making safety upgrades to your property. Here are some of the money-saving home safety features that you should consider.
' Install Centrally Monitored Fire and Burglar alarm
Installing a central station burglar and fire alarm system is one in which the operation of protection devices and circuits is automatically signalled to a commercial agency, called a central station, whose sole purpose is to provide protective services to subscribers. The system is monitored by an alarm company around the clock. Many insurance companies provide special discount for having one.
' Upgrade Smoke and Carbon Monoxide Detectors
Over 90% of homes across the U.S. already have smoke detectors installed because they are an essential safety feature that warns occupants that a fire has broken out. Because smoke detectors are required by law in many places throughout the country, simply having one in your home will not necessarily unlock insurance savings. However, if you go the extra mile, then your home insurance provider may take notice. For instance, by installing smoke and carbon monoxide detectors on every floor and in every room of your home, you can increase the effectiveness of your home's fire warning system, and save lives from carbon monoxide poisoning. Additionally, you can score points with your insurance provider by connecting all your alarms, so they all go off when one detector is activated.
' Install Leak Detection/Automatic Water Shut Off Systems and Fire Sprinklers
Installing an automatic water shut-off device detects potential water leaks by either monitoring flows in the pipe or by detecting water on the floor. When flow is irregular or moisture is detected, the valve will automatically shut off the water supply to your home. This may help prevent a significant amount of the damage that water leaks can cause.
Another water safety system, fire sprinkler, having installed has number of value and fire protection benefits. Sprinkler systems are usually most effective when they are automatic suppression based. Systems can help protect and save everyone. It's essential to protect your property in any way you can. Having inside sprinklers may save your home from total ruin, especially if your local fire station is located far away (over 5 miles radius).
' Secure Your Home with Deadbolts
Having deadbolts installed on all your home's points of entry is a great way to slow down even the savviest of home invaders. Therefore, many home insurers offer discounts to homeowners who install deadbolts. However, the types of deadbolts that you choose does matter. When selecting deadbolts for your home, look for options that are labeled Grade 1 or Grade 2. Avoid Grade 3 deadbolts as they are the weakest. When installing deadbolts, make sure they extend at least an inch into the door jam and have a reinforced strike plate with three-inch-long screws. These factors will make it much harder for an intruder to kick in your doors and ransack your home.
These are some of the security upgrades that you should make to unlock home insurance discounts. Do you have additional questions about your homeowners insurance? If so, then contact the experts at Knight Insurance Services. We are ready to assist you with all your coverage needs today.