How to Avoid Extra Homeowner Costs
By reducing their exposure to common risks, homeowners can avoid losses that require out-of-pocket expenses and potentially higher premiums on their homeowners insurance. To begin with, it pays to know that fire, lightning, and debris removal are associated with the highest claims of all insured perils. With this in mind, homeowners should look into the installation of grounded lightning rods on the roofs of their homes and fire extinguishers in their kitchens. When re-roofing their homes, it also makes sense to choose impact and fire-resistant materials composed of rubber, asphalt, cement, or metal. These materials can better endure the effects of hail, debris, and airborne embers. Non-combustible exterior siding is another option that might lead to insurer discounts.
NOTE: Smoke detectors, burglar alarms, and deadbolts often result in five percent premium discounts on homeowners insurance; sprinkler systems that alert first responders may provide as much as 15 to 20 percent discounts.