Home Insurance Discounts and Security Systems
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
Are You a Spectrum Customer Losing Service?
When Spectrum closed the doors on its home security system business in February 2020, many customers were left high and dry. The Spectrum Backstory Spectrum is a subsidiary of Charter Communications, the second-largest cable provider in the country offering service in 42 states. Charter inherited Spectrum in a 2016 merger with Time Warner Cable and Bright House…
Residential vs. Business Security
What is the difference between a commercial and a residential security system? Commercial real estate is a property type that is only for business or retail purposes. Residential real estate is a property type specifically designed for living purposes, if it is four units or less– anything larger than that is considered a commercial property….
What Matters in a Fire Alarm Inspection?
At FSS Technologies, we understand that safety and reliability are paramount when it comes to fire alarm systems. While installing commercial fire safety systems is a critical first step in protecting your business, your efforts can’t stop there. Fire alarm inspections are just as necessary to ensure your building is prepared for emergencies. Learn about what…
How to Choose a Security Monitoring Company
A security monitoring company is one that specializes in monitoring your alarm system. If the system detects an issue, such as a fire, break-in, or another emergency, it notifies a response team at the central monitoring agency, and sometimes, it will even inform emergency responders such as police or firefighters. Most reputable monitoring companies can…
Cost of Home Security Systems
Getting a security system for your home is a wise investment. While the obvious benefit is protection for your family, home, and belongings, it’s hard to put a price on the peace of mind that comes from knowing that you and your family will have professional help in case of an emergency. Still, you must…
Local Alarm System vs. National Home Security Company
When looking for home security, you may find yourself stuck between local alarm companies and national home security. Find out why more and more people are turning to local home security companies. Knowledge One of the biggest advantages of using a local company is that they will be familiar with local safety concerns, any jurisdiction regulations…
3 Types of Security Lights
Your security system is only useful if you can see what is going on when you can’t be there. This also means that when it gets dark, your cameras need to be able to capture the image clearly. To do this past dusk will require that you set up security lighting. Additionally, check out the…
5 Common Causes of Commercial Fires
Many business owners and employees think their chances of dealing with a fire in the workplace are improbable, but the numbers tell a different story. According to the U.S. Fire Administration (USFA), an estimated 116,500 commercial fires were reported nationally in 2021. These fires contributed to 115 deaths, 1,025 injuries, and over $3.6 billion in…
ADT Home Security Settlement
ADT home security is facing a class-action lawsuit. The plaintiffs allege that ADT failed to disclose wireless sensors’ vulnerability to evasion and jamming. Why should you care? Although this settlement is for ADT, this is a vulnerability all wireless security systems face. Let’s talk about wireless technology for a second. All home Wi-Fi networks are…
Home Insurance Discounts and Security Systems
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…