The average price for a home in 2017 was $199,200, and it increases every year, making it one of the most expensive assets to purchase. We all strive to protect our home physically, whether it is by making it flood-proof or by ensuring the electricals are safe. But there are many ways a home can be damaged, both physically and financially. Take a look at the best ways to secure your most important asset.
An estimated 1.23 million cases of home burglary occurred in the U.S. in 2018, showing how important it is to invest in home security. Securing your home protects from theft and damage, and also protects you from potential home invasion. A University of North Carolina investigation showed that 83% of burglars would look for the presence of an alarm system on a property and would choose not to try and enter. This shows the importance of having a security system that is visible and obvious to passers by, ensuring that your home and property are not stolen or damaged by an intruder.
Home Warranty And Insurance
Domestic electrical fires were the second leading cause of home fires between 2012 and 2016, according to the National Fire Protection Association. This is why it is so important to have a home warranty. There are various kinds of home warranty, including those for owners or those who want to sell their home, so shopping around is key to ensure that you have the coverage needed for all your appliances and systems. You can also purchase home insurance, which will protect your home and its contents from accidental damage beyond your control, such as fire or water damage.
Legal Home Protection
Legal protection cover can be added to your insurance plan or taken out separately, and covers any legal expenses associated with your home – for example, property disputes, or loss of income due to jury duty and personal injury. Home improvement disputes can also occur if the work is not carried out properly, resulting in damage to your property or a loss to you. The Federal Trade Commission advises that you should always ask for estimates before hiring a contractor, and should draw up a contract, keeping records of all work carried out and payments made.
Home protection ensures that you do not sustain any losses should something happen to your property. It also gives peace of mind in the event of any accidental damage or events beyond your control.