When it comes to home insurance, the most important thing that insurance providers look for is that your home in Arlington, TX is as safe, disaster-proof and theft proof as possible. Doing certain modifications to your home, such as improving safety features may help to lower your premiums, but on the other hand, certain modifications or additions may also increase your premiums. Here are a few things that can affect your homeowner’s insurance rates.
Since moving into your home, if you have made any improvements, such as a kitchen or bathroom remodel, it has probably added to the value of your home. It is important to notify your insurance provider of any home remodeling or improvements you make to the home, both the interior and exterior. It is important to make sure your current policy includes these improvements. Rebuilding is expensive and without the additions added to your policy, your coverage will be limited to the previous state of your home.
Trampoline and/or Pool
Trampolines and pools are known as attractive nuisances. While it may be nice to have a pool to relax in or a trampoline for the kids to have fun on, these items may also increase your insurance premiums. Even if used without your permission, you may be liable if someone is injured while using them. If you do have a trampoline and/or a pool, it is important to keep them secure with a fence, install self-locking gates and have safety equipment readily accessible.
Home security systems are designed to provide protection for you, your family, your personal belongings and your home. Increasing your home’s security can also reduce the cost of your insurance premiums. For example, replace old locks with deadbolts and/or a monitored security system. Report all upgrades in security to your insurance provider to find out if you qualify for additional deductions.
It is extremely important to review your home insurance coverage on a regular basis so you can be sure the coverage is consistent with the costs of repairing or rebuilding. Reporting all changes will help your insurance provider to make adjustments to your policy and premiums.
Homeowners in Arlington, TX interested in reviewing or upgrading their home insurance policies should contact Strack Insurance Services.