On average, a homeowner in Maine can expect to pay just over $500 a year to insure their property and belongings.
This is obviously a fair bit of money so anything that helps reduce this amount is welcomed.
There are ways to great better rates on homeowner's insurance in Maine including upgrading an older home.
Many people look to older homes because of the charm they possess.
Unfortunately along with all the character that comes with a decades or centuries old home, come higher insurance costs.
Insurance companies view this as a risk, and accordingly will charge a higher annual premium.
One easy way to bring those rates down is to do some basic home repairs.
If the home's electrical wiring doesn't meet current standards it should be replaced.
The same is true of outdated plumbing systems.
Not only does this help with insurance costs but it also can impact the value of the home when it comes time to resell.
Storm shutters are another worthwhile investment for someone in Maine who owns an older property.
Storm shutters not only add protection in the event of serious weather but they also help to make the home safer and less susceptible to damage.
Hiring a contractor to take care of this will ensure that it is done properly.
Once completed mention it to the insurance company so they can adjust your rates.
You'll want to install smoke detectors if the previous owner hadn't already done that.
Smoke detectors are incredibly important in terms of keeping your family safe and they do also help to reduce insurance costs.
Insurance companies will often offer a slightly reduced rate to clients who show proof of smoke detectors in the home.
Given that they are very inexpensive to purchase and are easy to install, it's something every homeowner in Maine should do.