Easy Decision: Protect your family and save!
Did you know that you can protect your family and home with a highly sophisticated home security system at little to no net cost to you? This is possible by taking advantage of the discounts insurance companies offer for customers with home security systems in place—especially those with active monitoring.
Most of the factors that determine your home insurance premium are difficult to change. For example, features like your home’s location, the value of the house, and the value of its contents are factors that are somewhat fixed and cannot be significantly changed. However, there are some actions you can take that will reduce your home insurance premium considerably.
Logically, since all insurance companies are interested in lowering the number of claims they must process, they will be willing to grant significant discounts to homeowners that implement an effective home security system. Each insurance provider will have its own specific definitions concerning the kind of security they require their customers to install to be eligible for discounts. Some general universal security requirements for a discount may include: quality deadbolt locks for doors and windows, a burglar alarm, and reinforced perimeter entry points. Even membership in a neighborhood watch program can help lower your premium. The important thing to understand is that each insurance provider has their own unique policy terms.
While there are many minor things you can do to let your insurance company know your house is protected, the single most effective way is to implement a home security system with active monitoring from a service provider—such as ADT. Companies like ADT monitor your home alarm system 24/7 and react quickly to many kinds of emergency situations. They can detect an intruder, a fire, and even dangerous contaminants such as carbon monoxide. The more dangers that your home is protected from the more likely it is that you will receive a sizeable discount from your insurance company. Insurance companies have been known to give discounts as high as 20% to customers with alarm systems with monitoring in place. This can translate to quite a bit of money saved—and in many cases nearly cover the cost of the alarm system. In other words, you can provide your family with the best in home security and safety for little to no net cost to you.
For example, consider your costs in this hypothetical situation:
|Annual Insurance Premium
|Potential 20% Discount
||$300/year or $25/month
|Typical Monthly Rate for Monitoring
|Net Monthly Cost/Investment
||$5-$15 per month
In this situation, you could provide your family with premium security for around $5 per month—and if your premium is higher than the example of $1,500 then there is a good chance the discount in insurance premium would completely cover the cost of the alarm system and monitoring.
The best thing to do is to talk with your insurance agent or provider and ask them about discounts they may offer for home security. Many competitive insurance companies offer these discounts—if yours doesn’t, maybe it’s worthwhile to find one that does. It may present a great opportunity for you to upgrade the protection of your family at little cost and provide invaluable peace of mind.