Owning a home means more than just paying a mortgage; it also means keeping up with peripheral costs, like property taxes and homeowners insurance. The cost of your homeowners insurance policy will vary based on a number of factors — the size of your home, its age, and its location. The average homeowners insurance policy costs $1,192 a year, as per the National Association of Insurance Commissioners, but if you’re being quoted a much higher number, installing a few key safety features could lower your premiums and make your policy much more affordable for the long haul. Here are a few such features to look into.
1. An alarm system
Alarm systems are a major crime deterrent. In fact, 90% of convicted burglars say they’d avoid homes with security systems. Not only can an alarm system buy you peace of mind, but it’s an investment your insurer is apt to