Have you seen the spring edition of ‘Roanoke Valley Home?’
Duke Baldridge and Mark Lowman of Dominion Risk Advisors are featured in the “Making the Most of Your Homeowners’ Insurance” feature.
One key tip from the feature is how homeowners can lower insurance costs:
A key consideration from insurance carriers is the quality of the maintenance of your home. The age and condition of your roof, plumbing, electrical and HVAC systems will have a direct impact on your premiums. Many carriers will not insure homes with a roof more than 20 or 25 years old. Insurance carriers will take photographs and may ask to tour your home. These factors will have a direct impact on your long-term insurance costs.
Other important ways to control your homeowners’ insurance premium are to have:
- deadbolt locks
- fire extinguishers
- a centrally monitored burglar and fire alarm system
- an impact-resistant roof
- an automatic back-up generator
- a water cut-off system
If homeowners maintain a good credit score, carry higher deductibles, and avoid filing small insurance claims, these actions will hold down premiums.
You can read their tips and more in this month’s edition of home, online and on newsstands now.
