At one time or another, every home owner must do repairs to their property—and that’s a good thing. Because home repairs make living at home more pleasant and efficient while also keeping the structure safe for you and your family. Home repairs can also have an effect on your home insurance premiums because they may result in the prevention of your home’s further deterioration and they may even result in your home being brought into current code guidelines. Since codes often change to accommodate new materials that are able to better withstand weather and environmental damage, this can make your home less risky to insurers which will result in lower insurance premiums. But saving money on insurance isn’t just about the repair itself; it’s also about the timeliness of the repairs that you do.
The Domino Effect
The little things that happen around your home may seem small at first, but eventually, when left unrepaired, they can turn into much larger problems. For example, a small leak in your roof, left unfixed, can create mold, mildew and rot that weakens your home's structure. With a weakened structure, you may find your house is unable to stand up to wind, hurricane or storm damage. Then, when you have damage--if it is covered by your policy--you will not only have to come up with the money to pay the deductible for the damage but you will also have to deal with the inconvenience and expense of being displaced while repairs are done and you may be facing higher insurance premiums at renewal since you are now a higher risk.
Instead, if you had fixed the leak when you first noticed it, you could have made your home stronger at minimal expense, made certain that your family was not exposed to quickly proliferating mold spores (the removal or remediation of which is generally not covered by home insurance) and that your home was better able to withstand storms and inclement weather.
Timely home repairs can save you money now in preventing extreme damage to your home, and they save you money later by helping to keep home insurance expenses low. When you are ready to get insurance for your home and you are curious about all the ways that you can help get a low premium quote, give us a call at Allstar Direct Insurance & Financial Services. We can figure out what discount you may be qualified for now and help you maintain a lower Miami Home Insurance premium through the years.
