Homeowner’s insurance is a necessity when purchasing a home. But being fully prepared for home repair issues is a smart strategy. Read on to learn the areas where you are at risk and how you can help protect your home, money and identity.
UNEXPECTED HOME REPAIR
Many homeowners assume that a plumbing, electrical, heating, or cooling repair would be covered by their homeowners insurance. Unfortunately, that is not always the case and can leave homeowners having to deal with costly repairs. Luckily, purchasing a home repair plan from a company like HomeServe can help protect you from these expenses—and the stress that comes from finding a contractor, getting multiple bids and covering the final bill. Plus, HomeServe has a trusted network of professionals, technicians, and contractors, so they can guarantee the job will get done correctly.
While changing the locks of your new home may feel like enough, adding a security system (and a sign that says you have one) can deter a shocking 60% of burglars* and can even save you money on your homeowner’s insurance. If you’re not ready to pay the cost of a hardwired system, consider a self-installed system that connects to a hub via your current Wi-Fi.
Fire alarms are typically checked during a home sale, but the U.S. Fire Administration suggests monthly checks in addition to replacing the batteries one or twice per year. As an upgrade, consider a smart solution that connects to a mobile app and cap alert you of danger even when you’re away from home.
Moisture can creep up in all areas of your home causing musty odors and even mold. To keep it at bay, install proper vent fans in the kitchen and bathrooms, and place a dehumidifier in high-risk areas like the basement. Lastly, keep an eye on moisture levels with a inexpensive humidity monitor.
PROTECT YOUR IDENTITY
An overflowing mailbox that’s potentially full of personal information is ripe for the picking of identity thieves. If you’re headed out of town, ask a neighbor to pick up your mail, or contact your local post office to place a temporary hold on delivery.
*Alarm Industry Research and Educational Foundation study that was conducted in 2012 (PDF), 60 percent of offenders told researchers that they would pass up homes with alarm systems.