homeowners insurance

You can save money on homeowners insurance through home improvement.

Some home improvement can help you save on homeowners insurance. But what enhancements will get you the most bang for your buck?

Consumer Reports has come out with a list of things you can do with your house to bring homeowners insurance costs. Here’s a look at some of them.

Install a home security system

Aside from helping to protect your belongings, a home security system can earn you a discount on your homeowners insurance.

Depending upon where you live and the type of alarm you install, discounts could reach 5 percent of your premium, according to Consumer Reports.

Improve major systems

It’s not cheap to have major electrical or plumbing work done. But it can save you money in the long run.

According to Consumer Reports, “If you upgrade the electrical, heating, and plumbing systems in your home, your home insurer may reduce your premium because your home will be less vulnerable to fires or flooding from a burst inside pipe, which is covered by homeowners insurance.”

Again, discounts will vary based on the work you’ve done and where you live. Consulting with a local insurance agent can help you determine your discounts.

Roof repairs or replacement

Replacing your roof can bring big savings on homeowners insurance, according to Consumer Reports.

But be sure when you do so to get the material and type of roof that will maximize your savings. For instance, “A number of insurers will trim premiums for customers in areas prone to hurricanes, tornadoes, or wildfire, for example, if they purchase a “fortified” roof made of stronger materials, says Susan Millerick, a spokesperson for the Insurance Institute for Business & Home Safety, based in Tampa, Fla.,” according to Consumer Reports.

Again, it always pays to work with an expert local insurance agent to maximize the savings from any home improvements.