For most owners of Ellijay, Georgia real estate, the property is their main investment as savings. As such they try to take various steps to safeguard their investment. One popular way of preserving the value of the property is to obtain home insurance for it. Additionally, home insurance is mandatory for those who have a mortgage on it or want to obtain credit for home improvements.
Insurance Premium While home insurance is an essential safe guard that protects home owners when their property is damaged, the cost of premiums can be very high. Most home owners in Ellijay, Georgia assume that they have no choice but to pay the high premiums if they want to protect their investments. Additionally, the premium they pay for home insurance can increase each year as the value of the property appreciates.
Moreover, some home improvements such as adding a backyard pool or installing a trampoline can increase the premium significantly. Even, adding a detached garage to your property or a sundeck can lead to a greater premium if you want full coverage.
Improvements for Lower Premiums However, some home improvement projects can actually lower the premium you pay for the same amount of coverage. A savvy Ellijay, Georgia home owner should consider making these improvements first to take advantage of the lower premiums.
Smoke Alarms/Sprinklers home with functioning smoke alarms that are connected to the fire station and sprinklers will assure home insurance companies of the lower risk and consequently reduce premiums. However, various insurance companies have differing requirements for fire alarms and sprinklers, so the home owner should first find out which model will lead to a lower premium before installing these protective systems.
Burglar Alarms Similarly, a home with effective burglar alarms connected to the police station will earn the home owner a lower premium. Again, the insurance company considers such homes a lower risk and consequently reduces the premium.
Reinforce home owner can also reinforce their home and feel safer even as they enjoy the benefits of a lower insurance premium. The home owner can install storm shutters, reinforce the roof, and modernize the electrical and plumbing work to reduce risk. These improvements will partly pay for themselves in lower premiums over the years.
Back-Up Generator, Surge Protector Modern lifestyles mean that most homes even in smaller communities such as Ellijay, Georgia have a full component of electrical appliances and electronic gadgets. The home insurance will cover damage caused to these items by power surges. However, the home owner can reduce the risk of such damage by installing a backup generator or whole house power surge protector. By providing proof of this to the home insurer it is possible to obtain a deduction in the premium.
A home owner who would like to increase the value of the Ellijay, Georgia real estate, improve the comfort factor of their home, and reduce the premium they pay to the home insurer should first reduce the risk of fire and burglary.