7 Ways to Save on Energy Costs with Proper Home Insurance Coverage This Winter
Winter in Minnesota can be harsh, and with the colder months comes an increase in energy bills as we all work to keep our homes warm and comfortable. While many people think of energy savings as purely a matter of upgrading appliances or adjusting thermostats, your home insurance policy can also play a part in helping you save. Here’s how:
1. Ensure Proper Insulation and Maintenance Coverage
Poor insulation is one of the leading causes of high energy costs during winter. Gaps in your attic, walls, or around windows and doors force your heating system to work overtime. Some home insurance policies may offer coverage for repairs caused by weather-related wear and tear. For example, if ice dams have damaged your roof, your policy could help cover the cost of repairs—allowing you to restore proper insulation and lower your energy bills.
Tip: Schedule a home energy audit to identify where your house is losing heat. It’s a small investment that could lead to significant savings in the long run.
2. Protect Against Frozen Pipes
Frozen pipes can lead to expensive repairs and water damage, not to mention increased energy costs if you need to use extra heating to prevent freezing. Many standard homeowners’ policies cover water damage from burst pipes, so it’s essential to review your policy and confirm your coverage. Taking preventative steps—like insulating your pipes—can also save you money on both utilities and potential repairs.
Tip: Leave cabinets under sinks open during extreme cold to let warm air circulate and prevent freezing.
3. Upgrade to Energy-Efficient Systems
If your HVAC system is old and inefficient, it could be costing you hundreds of extra dollars every winter. Some insurance providers offer discounts or credits if you upgrade to energy-efficient heating systems. Additionally, if your furnace breaks due to a covered peril (like a power surge or a house fire), your insurance policy might help cover the replacement.
Tip: Check with your insurance provider about potential savings or benefits for making energy-efficient upgrades to your home.
4. Coverage for Renewable Energy Systems
Minnesota homeowners are increasingly turning to renewable energy, such as solar panels, to cut energy costs. While installing solar panels is an upfront expense, they can drastically reduce your energy bills over time. If you’ve invested in a renewable energy system, make sure it’s included in your home insurance policy to protect against weather-related damage, like heavy snow or ice.
Tip: Contact your insurance provider to ensure your renewable energy systems are fully covered under your policy.
5. Prevent Roof and Attic Issues
Ice dams, a common winter issue in Minnesota, can damage your roof and attic, leading to costly repairs and higher energy bills. Most homeowners’ policies will cover the damage caused by ice dams, but preventing them with proper ventilation and insulation can save you money in the first place.
Tip: Keep gutters clear of debris and ensure your attic is properly insulated to prevent ice dams from forming.
6. Take Advantage of Insurance Discounts
Many insurance providers offer discounts for preventative measures that also help lower energy costs. For example, installing a programmable thermostat, upgrading to storm-resistant windows, or insulating your attic might not only cut your heating bill but could also reduce your insurance premiums.
Tip: Ask your insurance agent about any discounts available for energy-efficient home improvements.
7. Review Your Coverage Annually
As your home ages or undergoes improvements, your insurance needs may change. Reviewing your home insurance policy regularly ensures you’re adequately covered for winter-specific risks, like burst pipes or ice dams, while also helping you find opportunities to save on energy costs.
Tip: Schedule an annual policy review with Cokato Insurance Center to stay on top of your coverage and find additional ways to save.
Winter doesn’t have to mean sky-high energy bills. By maintaining a well-insulated, efficient home and ensuring your insurance policy is up to date, you can protect your wallet and your peace of mind all season long. If you have questions about how your home insurance can help you save, the team at Cokato Insurance Center is here to help!
Contact us today for a personalized review of your policy and tips on how to stay warm without breaking the bank.
