Can You Get a Discount on Home Insurance if You Have a Security System?
Home invasions or burglaries are a threat to any household, regardless of where they are located. One of the biggest deterrents for burglars is a home security system that could record evidence of their actions or could notify the authorities at the time of a break-in. This is a huge motivator for homeowners when deciding whether they should invest in a home security system. But did you know that having a security system could ultimately save you money by reducing the cost of your home insurance?
According to Alarm.com, there is one burglary every 13 seconds. While you may feel safe in your local area, insurance companies are aware of the possible risk in any town and can raise your insurance rates at any time. A break-in or burglary can be extremely expensive and take months to recover from the financial loss.
How to Save on Home Insurance
When you apply for home insurance, your policy will be determined based on several factors. According to Policygenius, If your home has deadbolts, smart locks, burglar alarms, or a monitored system, you can save between 2 and 10 percent on premiums. Some insurance companies claim that they can save you up to 20% if you have a monitored security system in place.
Other potential discounts can come from your home insurance if you’re located in a gated community or with an HOA-enforced neighborhood security system.
To get a discount on your home insurance or premiums, you will need to contact your insurance company directly and request a quote.
Why a Home Security System Matters
A home security system acts as both a deterrent for potential crime and to keep your home safe during an active home invasion. Only 17% of home break-ins occurred in a house that had a home security system, and homes without a security system are 300% more likely to be broken into.
Additionally, most security systems include fire safety devices that can quickly detect smoke or flames. Since fire damage amounts to over ten times the number of insurance claims for theft, this is a massive consideration for insurers. With fire and security devices in place, you are less likely to submit a claim for either of those events taking place.
Types of Home Security
There are many options for building a home security system that can be customized to your home, your preferences, and your needs. If you are interested in learning more about home security systems or residential fire systems, please contact our team of security experts at FSS Technologies.
Explore Our Other Blogs
Fire Safety Procedures for the Workplace
The bad news—a fire breaks out in your workplace. The good news—you are ready because you have done your homework and prepared for the possibility of an emergency. Emergency Action Plan The Occupational Safety and Health Administration (OSHA) requires most employers to have an emergency action plan for various scenarios, including fires in the workplace. There…
What are the Different Types of Smoke Detectors?
Smoke detectors are vital to fire safety for homes and businesses. Because they protect lives from fires or gas leaks, it’s essential to choose the best detector for your environment. There are various options to choose from, meaning you need to understand the benefits each one offers before making a selection. Learn more about the…
How Video Doorbells Work
A video doorbell is a system that allows you to see who is ringing your doorbell by way of a video connection. If your video doorbell has a two-way audio system, you also can talk to the person at the front door, whether you’re home or not. How you connect your system and how you…
Is the Use of CCTV Cameras in the Workplace Illegal?
Know the Law Business owners are responsible for the security and well-being of their employees and company property. Many companies use technology such as cameras, motion detectors, and other tools to keep an eye on their building or cash areas. Many new businesses and employees may be wondering: Are CCTV cameras illegal in the workplace? Let’s…
3 Ways to Prevent Shoplifting
Preventing shoplifting is a big deal if you’re a retailer. According to the 2018 National Retail Security Survey, shoplifting continues to be the leading cause of inventory loss for retailers. Loss of stock is a big deal in this country to the tune of nearly $47 billion. The survey also identifies the top ways retailers try…
Why Emergency and Exit Lighting Matter
Emergency lighting and exit lighting are vital components of life safety systems. They’re a standard part of any commercial structure and not as noticeable on a normal day. When power fails or a disaster happens, these lights guide people to safety, helping prevent panic and ensuring clear evacuation routes for everyone in a building. Whether…
Holiday Safety Tips for Homes and Businesses
With the holiday season right around the corner, burglars are on the lookout for unguarded homes or businesses to prey on. Unlike the Grinch, holiday robbers don’t often have a heart that grows three sizes, making it more important than ever to protect your valuables and your loved ones. Our security experts have come up…
How is a Fire Sprinkler System Designed?
While fire sprinkler systems seem the same at first glance, there’s no one-size-fits-all solution for all commercial properties. Depending on a structure’s needs and circumstances, fire sprinkler systems use different combinations of various components. The ideal design should accommodate the unique features of each industry, layout, and operation. Whether you’re looking to install a fire…
How Does Fire Alarm Monitoring Work?
According to the National Fire Protection Association (NFPA), there is a fire reported in the United States every 23 seconds. If a fire occurs in your home or business, you want to be notified right away. You might be asking yourself, so how does this work? How can I ensure I am protected at all…
7 NFPA Codes Every Business Should Know
Business owners have an enormous responsibility to ensure their employees and customers are protected from fire hazards. Companies in industries like manufacturing and property management each face unique challenges in preventing fires and meeting code requirements. The National Fire Protection Association (NFPA), one of the world’s leading experts in fire and life safety, has published…