If you’re like most homeowners in Western NY, you think of basement waterproofing as a way to protect your home from flooding, mold, and costly damage. And while that’s true, here’s something many people don’t realize: waterproofing your basement could also help you save money on your homeowners insurance.
At BelowDry Basement Waterproofing, we’ve seen firsthand how preventive measures like sump pump installation and foundation repair not only keep your home safe—they also make you a lower-risk policyholder in the eyes of insurers. Let’s explore why.
Why Insurance Companies Reward Waterproofed Homes
Insurance providers calculate your premiums based on risk. The more likely you are to file a claim, the more you’ll pay. Water damage—especially from flooding or groundwater seepage—is one of the most common and expensive types of claims insurers deal with.
By waterproofing your basement, you’re proactively reducing your risk. A sump pump, vapor barrier, interior drainage system, or dehumidifier can drastically lower the chances of basement flooding or mold growth. That translates into fewer claims, which is music to an insurer’s ears.
In fact, some insurance providers offer policy discounts (typically 5–10%) for homes with certified waterproofing systems or maintained sump pumps. Others might offer savings if you install moisture alarms, dehumidifiers, or take steps to seal cracks in your foundation.
How to Ask Your Insurance Provider About Discounts
Every insurance company is different, and not all advertise these incentives. That’s why it’s worth picking up the phone and asking directly. You might say something like: “I’ve recently had my basement professionally waterproofed with a sump pump and foundation sealing. Does this qualify me for a discount on my homeowners insurance?”
If your insurer does offer a discount, they may ask for documentation or a certificate from your waterproofing contractor—something we’re happy to provide to our clients at BelowDry.
Waterproofing: An Investment That Pays You Back
The primary goal of waterproofing your basement is to prevent damage, protect your belongings, and increase the livability and resale value of your home. But if it also helps you save money on your insurance premiums year after year? That’s icing on the cake.
Whether you’re in Rochester, Buffalo, or anywhere in Western NY, BelowDry Basement Waterproofing is here to help you get ahead of water problems before they start.
Give us a call to schedule an inspection—and don’t forget to check with your insurer about potential savings!