These tips from an Encinitas Realtor will help you improve the resale value on your Encinitas home and save you money on homeowners’ insurance.
Homeowners insurance is required for your mortgage, but it will also help to keep your home safe. Many homeowners dread the idea of added monthly costs, but according to a study conducted in 2011 by Trusted Choice, the majority of homeowners surveyed don’t know about the improvements they can make to their home that will also result in discounts in homeowners’ insurance.
- Security – Those who live in gated communities are often able to take advantage of a discount, but for those who don’t have this luxury you can still get a discount and improve resale value with a security system. HGTV Front Door has a great guide on how to get maximum value from a security system on any budget. This can save you as much as 15% on your policy.
- Reduce Fire Risk – Simple additions such as smoke detectors, fire extinguishers, and carbon monoxide detectors can help you get a discount as can more expensive improvements such as a sprinkler system can add value to your home and reduce premiums in some cases. You can follow this home fire safety checklist to make sure your home is protected.
- Lack of Claims/Bundling of Policies – While this won’t improve the resale value of your home in Encinitas, it can greatly reduce the cost of home insurance. If you haven’t filed a claim in many years you should request a discount, which could yield you as much as a 20% reduction. Bundling home insurance with vehicle insurance or life insurance under the same provider may also help you receive these discounts. Look for multiple policy discounts through Allstate or State Farm for example.
Follow these tips and you may be able to save a significant amount of money on a vital necessity for your Encinitas home.