Removing Safety Hazards
Safety hazards in a house are red flags to insurance companies, and updating or eliminating safety hazards is an easy way to considerably lower the cost of homeowners insurance. Alarm systems, such as the security systems that call for help when an unauthorized person enters the home, can save a lot of money on home insurance.
Other home amenities, such as fencing, have a similar effect on an insurance rate. Having a pool or hot tub typically increases homeowners insurance costs, but some homeowners would prefer to keep their pool or hot tub in exchange for higher rates. Installing safety measures, such as fencing around a pool, can help minimize the increase in home insurance.
Certain breeds of dogs can increase a homeowners insurance—therefore, before adopting a pet, it’s wise for homeowners to check their policy and ensure that they are picking a dog that will not hurt their home insurance cost.
Ensuring that all stairs in the home have handrails is another way of lowering home insurance costs. Open stairways are very dangerous, and simply putting up handrails can make a big difference in homeowners insurance rates.