Can Investing In Waterproofing Your Basement Help Lower Your Homeowner’s Insurance Rate?
Home owners insurance in New Jersey is set to explode soon as a result of the two hurricanes that devastated the state in 2011 and 2013. Homes in Philadelphia are being subjected to the same rate hikes since the city was also hit hard by Hurricane Sandy. Flood insurance and home owner’s insurance in general is set to increase, in some places, by as much as 20%. This can add up to some serious bucks. How can you defray these costs and lower your rates?
- One of the quickest and most cost effective ways is to have a a basement expert inspect your home and figure out what is needed to make the foundation of your home as strong and water-resistant as possible.
Water damages can be costly, and they cost the insurance companies big time. After the storms, home owners and their insurance companies found themselves on the hook for repairs that cost 30, 40, 50-thousand dollars or more!
- If you have your basement waterproofed, you can avoid these problems.
Most home insurance companies will give you a substantial discount for waterproofing. This is because they know they won’t get socked with a huge repair bill the next time it storms.
- All water related damages (structural problems, mold growth, flooding) can be expensive for the insurance company to cover. If they can be sure these things will not happen, they reward you.
Give us a call today and we’ll walk you though the entire process of how waterproofing will save you on your insurance (and increase your home’s value!) 800-700-9171