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There are certain improvements or additions to your home that will translate to lower premiums for your home insurance. But for many home owners improvements would only mean installing smoke detectors or a security system. They fail to realize that there are many things they can do that can easily translate into home insurance credits that will ultimately result in lower insurance premiums.

Below are some things you can do for your home that you probably didn’t know would translate into home insurance credits.

New wiring

One of the most common causes of fires inside homes is faulty wiring brought about by age. Very old wires are more likely to cause fires when they overheat or short circuit. That’s why investing in having your house rewired can translate into a wiring credit. You can get a wiring credit for your home insurance policy if your house’s age meets the requirements for credit eligibility.

Security from living in a gated community

Living in an area that has an additional layer of security that is provided for the home owners can definitely turn into an insurance credit. For example, if you live in a gated community, being secluded (in a way) assures insurance companies that the level of security is higher since criminal elements like thieves are less likely to attack when there are deterrents like security patrols and of course the security wall and gate.

An absence of claims

We all know that your car insurance premiums can be lowered if the driver has a good driving record (he hasn’t been in any accidents and has no entanglements with the law). The same thing happens with a homeowners insurance policy. If the policy holder has not made a claim then he is eligible for a claims-free credit. The reason is the same for what happens with a car insurance, not filing for claims means more money for the insurance company. A homeowner who has not filed for any claim for ten years is likely to get a 20 percent discount on his premiums. That’s a lot of savings.

The changing market

The real estate market is very fluid. PRicese and values change every year. Since homeowners insurance rates are based on these fluctuating figures, it stands to reason that the insurance rates will change as well – sometimes for the worse and sometimes at the advantage of the homeowner. The tiered rating that insurance companies now institute is a reflection of this reality. At some point rates will go down and this means lower insurance premiums for you.

About The Author

Dean is one of the content writers for HomeInsurance.com, one of the most popular home insurance sites online.