Keep posted, keep informed.
Before temperatures get any more frigid this winter, clients in the high-value home sector would be right to winterize as much of their property as they can to limit exposure to energy and financial losses. Even if a high-value property is in a moderate climate zone, where low temperatures are somewhat rare, winterizing the home improves durability, energy efficiency, and prevents common and costly winter emergencies, including burst pipes and flooding.
According to the Energy Information Administration, one-third of a home’s heat loss comes from windows and doors. To keep these issues from happening, clients with high-value homes can take steps to limit extensive damage to their homes and their pocketbooks.
Here are some tips clients can use to cut down on winter season loss.
Protecting Major Loss with High Value Home Insurance
High-Value Home Insurance not only protects clients from things like stolen jewelry and high liability claims—but it also takes care of costly damage to a property from ice dams and burst pipes. While many of these risks can damage a homeowner’s financials, high value homes that experience winter seasonal issues cost even more to repair.
Homeowners should protect their high value properties with coverage specifically designed to protect the value of their home as well as what’s inside.
Change Furnace Filter
This might be something a homeowner does anyway, but changing their furnace filter is crucial to their furnace’s health. It’s always a good rule of thumb to do this monthly, especially during winter. The dirtier their filter is, the harder it has to work. If a furnace is always heating a high-value property while pulling air through a restricted filter, the furnace experiences more strain. This uses more energy, costs homeowners more money, and reduces the lifespan of their furnace.
Opt for Replacement Windows
Replacing windows throughout the property might be a little pricey upfront, but can ultimately limit energy and financial losses. Replacement windows that take the place of cheaper and less effective windows will pay for themselves in many ways, not only reducing heating costs but providing energy savings and comfort. Along with energy savings, replacement windows improve the look of a home and raise the resale value.
Add Insulation to Quell Ice Dams
Icicles might make a high-value home more picturesque during the winter, but they can spell trouble for homeowners and their guests. Icicles indicate that the home’s gutters are blocked and have a buildup of ice that prevents water from flowing freely. This is bad news for homeowners as ice dams can lead to expensive roof repairs if not treated promptly.
Depending on where the home is, homeowners can expect to pay around $500 for each ice dam. To prevent this issue from happening, high-value homeowners can add at least 14 inches of insulation in their attic. Homeowners can also opt for heated gutter cables, which run between $50 and $150 each.
Seal Up Leaks
From window sills to baseboards, fireplaces to dryer vents, energy can escape in many ways. Homeowners can prevent cold air and energy loss by doing the simple task of caulking and sealing up cracks in their home. Clients should use a high-quality acrylic-latex caulk and fill any air-leaking gaps that are sought out.
Hot Water Pipe Insulation
Clients can reduce heat loss and increase energy savings by insulating all their hot water pipes. The insulation keeps the water warm inside the pipe, giving their boiler a break in the end. Also, homeowners will save more time by not having to wait for hot water to flow out of the faucet or showerhead. Pipe insulation comes in two forms: foam-rubber sleeves that are slipped onto the pipe and insulated wraps that wind around the line.
About Mavon Insurance
At Mavon Insurance, we pride ourselves on our unique approach to insurance. We focus on integrity, communication, professionalism, respect and gratitude to help our clients succeed, and place business in specialized markets. For more information about our products, or to become an agent, contact us today at (855) 248-1480.