Top Home Improvements That Could Lower Your Home Insurance Rates

Being a homeowner comes with many responsibilities. In addition to paying the mortgage and property taxes, you’re responsible for the maintenance and upkeep of your Madison, MS, residence. You may spend a weekend cleaning gutters or picking up tree debris after a bad storm and there will be times when you need to do some significant work, such as replacing a roof or upgrading your wiring. One aspect of homeownership is to keep a home insurance policy on your property. It helps when accidents happen, or Mother Nature unleashes her fury. If you’re ready to repair and refresh your home, some improvements can enhance your property and potentially lower your Madison, MS home insurance rates.

Improvements to Drive Down Your Home Insurance Rates

If you make changes to improve your home’s safety, you may benefit from lower home insurance rates in Madison, MS. Some other upgrades and updates will also have similar effects. Speak with your dedicated insurance broker about the effect on your rates from making these three improvements:

1. Replacing or fixing your roof: This may not be the most exciting home renovation, but it could be an extremely practical one that can also help lower your insurance rates. Because you use newer or stronger materials, your roof can withstand potential covered events. This may help if you live in hurricane-, wind-, or hail-prone states. The newer the roof, the more coverage you’re likely to get from your policy.
2. Upgrading your home’s electrical wiring or plumbing: Older homes generally don’t meet current building codes. Rewiring your home can be pricey but can also lower the risk of an electrical fire or damage. For example, if your home was built before the 1950s, you may enjoy a drastic reduction in your premium after this update. The same concept applies to updating your plumbing. Homes with lead and polybutylene pipes can increase your rates or make it challenging to find a company to cover you. When you upgrade your plumbing, you help reduce the risk of water damage, potentially reducing your insurance premium.
3. Adding a security system or sprinklers: There are many different types of security systems on the market that may give you varying levels of discounts. For example, the kind of system like Ring may provide a small discount. Choosing a system that automatically alerts emergency personnel for incidents like a burglary or fire may get you a higher discount. An interior sprinkler system helps lower rates by reducing the risk of extensive fire damage.

Partner with Experienced Home Insurance Agents in Madison, MS

Choosing the right home insurance coverage starts with partnering with the team at Hawsey Insurance. We’ve serviced Mississippi homeowners for decades, so we have the experience and know-how to help you lower your rates and pick the best policy coverage. We are here for the long haul to support you and your family. Let’s talk today.

Call Hawsey Insurance at 601-856-7707 to discuss your home insurance needs with a qualified insurance agent. Feel free to contact us online or make an appointment to stop by our Madison, Jackson, and Southaven, MS offices.