Renovating the kitchen or giving the bathroom a facelift can bump up your property value, which may also drive up home insurance rates. However, many improvement projects make your house safer and actually reduce your chances of filing a claim, earning a generous discount and bringing your coverage costs down. Here are a few of the most common home upgrades that can save you money on premiums.

3 Home Improvements That Lower Home Insurance Costs

1. A New Roof

Older roofs are more susceptible to storm damage, especially in Florida, where tropical storms and hurricanes are a regular occurrence. Because a damaged roof can result in thousands of dollars of losses throughout your house, these claims can be especially expensive for the insurance company.

Replacing your roof can reduce your premiums by a substantial margin, especially if you invest in high-quality materials designed to withstand severe weather.

2. A Home Security System

In addition to the structure itself, home insurance policies also cover your personal possessions inside. Any steps you take to reduce the risk of theft and vandalism may bring down your insurance costs. Not only will a high-tech home security system protect everything you own, but it will also be less expensive to insure from your provider’s perspective.

3. Plumbing, Electric, & HVAC Upgrades

Replacing the pipes, wiring, and air conditioner may not be as fun as adding a deck to your house, but these elements make your home safer and more reliable. Insurance companies know that new plumbing and wiring can prevent dangerous and extremely expensive fires and water damage, so they’ll often offer a discount for these upgrades.

A carefully tailored home insurance policy is essential for protecting the things that matter most, which is why Blountstown, FL, residents trust Farm Bureau Insurance. Their experienced agents understand the unique risks Panhandle homeowners face and are dedicated to providing cost-effective options that shield you from the unexpected. Visit their website for more on their home insurance options or call (850) 674-5471 to request a free quote today.