8 Home Upgrades to Lower Your Grand Junction Home Insurance Premiums
Did you know that investing in home safety upgrades can contribute to lower insurance premiums? With Colorado’s home insurance creeping higher and higher due to wildfire concerns, it’s smart to keep your monthly bill in check by upgrading your own home’s safety measures.
Here are several cost-effective methods that can help you secure your home and potentially lower your insurance costs.
New HVAC System
Upgrade your home's comfort and efficiency by installing a new Heating, Ventilation, and Air Conditioning (HVAC) system. Beyond the immediate improvement in your living environment, modern HVAC systems are more energy-efficient, leading to potential savings on your insurance rates.
Electric or Gas Fireplace
While traditional wood-burning fireplaces may feel charming and romantic, they come with safety concerns. In some areas, they are already banned due to fire risks. So switching to an electric or gas fireplace not only addresses safety concerns but can also result in home insurance savings.
Security System
Take advantage of insurance discounts by installing a home security system. With a surplus of smartphone-enabled options available—from alarm systems to video doorbells—protecting your home has never been easier.
Roof Renovation or Replacement
New roofing can be expensive, but upgrading this home feature can save homeowners anywhere from 5% to 35% on insurance premiums. Some companies offer discounts for specific materials such as hail or wind-resistant shingles. Regardless, a new roof is a wise investment, as insurance coverage for roofs over 20 years old can be challenging to obtain.
New Wiring
If your home was built before the 1960s, check the state of your electrical wiring. Older homes with aluminum wiring are more susceptible to hazards. Upgrading to modern materials like copper can not only enhance safety but also lead to substantial savings.
Water Shut-Off Devices
There has been an increasing concern for flooding throughout the United States, so many insurance companies have offered premium savings for installed water shut-off devices. This technology allows you to quickly respond to flood alerts and keep your home from potential disaster. A smart and easy upgrade that could save you precious pennies.
Upgraded Plumbing
Periodic updates to your home's plumbing system can save you up to 15% on insurance premiums. Beyond improved performance and corrosion resistance, upgraded plumbing allows you to enjoy the luxury of modern updates and appliances.
Upgrading these few home features will not only keep you safe, but they can save you money in the long run. With the price of Grand Junction homes continuing to trend upward, it’s important to save where you can to keep housing costs low.
Want to get started but don’t know where to begin? Reach out to The Janice Burtis Team to get connected with local contractors and recommended insurance agents. A home is a big investment, and we want to make sure you (and your bank accounts) are protected.
