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Upgrading your home can boost its overall value, but it can also lower your insurance premiums. Smart technology and improved safety features can reduce your property’s risk, and the deductions can save you a significant amount over time. Here are a few home improvements to consider.

Which Home Renovations Can Lower Home Insurance?

1. Electrical Improvements

If you live in an older home, its electrical work may not be up to date. This might not impact your daily life if you don’t use many appliances, but the average home wasn’t designed to meet the demands of the modern homeowner.

This can push your insurance premiums higher than necessary. Upgrading the wiring and other components will leave your home less susceptible to potential electrical damage, and your provider will be more likely to lower your rate.

2. Security Upgrades

insuranceHomeowners should install quality security systems to protect their properties and belongings. This can prevent theft, and many advanced systems can even detect issues like water leaks.

Providers will often need to see evidence that the home security product is monitored by a central emergency connection. If someone breaks in, the authorities will be notified automatically to stop the intruder.

3. Roof Replacements

The average asphalt roof has a life expectancy of 20 to 25 years if it’s properly maintained. If your rooftop is aging and damaged, it’s far more vulnerable to breaking down and losing its integrity when exposed to inclement conditions like wind and rain. Replacing it before it reaches this stage can significantly reduce your costs, especially if you select a more durable material, like metal or tile.

 

If you’re seeking a reliable insurance provider in Lovington, NM, turn to Reid Insurance Group. Proudly serving clients throughout Lea County since 1945, the company offers a variety of products that’ll protect your investments and provide a sense of comfort. They offer quality home insurance options, along with auto and health coverage. Visit the website to find out more, or call (575) 396-3645 to speak with a representative.

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