Blog

Can You Get a Discount on Home Insurance if You Have a Security System?

March 10, 2021|fsstechnologies

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.

Contact Our Friendly Pros Today

Explore Our Other Blogs

FSS_DecBlog_VideoVer_Hero-min

What is Video Alarm Verification?

Video alarm verification is a tried-and-true technology that is an underused component in residential and commercial security systems. Video alarm verification adds an extra element to your overall security by partnering your security system with an alarm monitoring center. When an alarm is triggered, video alarm verification allows monitoring center employees to view the situation…

Continue reading
Hero-RingDoorbell-min

Ring Doorbell Cons

Video doorbells are a great addition to home security, and Ring is the popular choice for many who prefer wireless security. Although there are some pros to the Ring Doorbell, it has some cons you should be aware of before purchasing from Ring.   Monthly Fee for Storage The cheapest Ring doorbell is $59.99, with…

Continue reading
2020-02_FSSTechnologies_blogs_wireless-doorbells_hero

How Do Wireless Doorbells Work?

A doorbell is a pretty self-explanatory tool—you press the button outside, and a chime goes off inside, alerting the homeowner that someone is at the front door. Like everything else, though, today’s technology has brought even the humble doorbell into the limelight as an indispensable tool for convenience and security. Pros and Cons of Wireless…

Continue reading
Hero-fireclass-min

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…

Continue reading
monitored-security-system-Hero

Monitored vs. Unmonitored Security Systems

If you’re thinking about installing a security system, you may be wondering if monitoring is a necessary feature. While an unmonitored system is better than nothing at all, there are some critical things you should consider before making a decision. The Benefits of Monitoring  The noise and commotion caused by the sirens and lights associated…

Continue reading
Hero-security-min

Can a Security System Save My Business Money?

If you’re a business owner, you know the importance of weighing the pros and cons of major purchases before making them. A commercial security system is one of the higher-ticket items that can cause the most significant hesitation. While they can take large investments to purchase, install, and maintain, security systems can offer long-term savings…

Continue reading
monitoring-apartment-hero-min

Can I Install a Security System with Monitoring in my Apartment?

The most recent FBI data estimates that there are over 1.2 million burglaries a year, resulting in around $3.4 billion in property loss. Although property crime as a whole has been on the decline, the rise in popularity of video doorbells and more comprehensive and integrated home security systems shows that Americans are no less…

Continue reading
2019-01_FSSTechnologies_Blogs_cctv-footage

What Is CCTV Footage?

CCTV stands for closed-circuit television, in which video cameras transmit a signal to a specific, limited set of monitors. Wired and wireless cameras in a CCTV system are usually used for surveillance and security purposes. The footage can help prevent crime, aid in the capture of a suspect if an offense occurs, or serve as…

Continue reading
Hero-smoke

Winter Fire and Security System Maintenance Tips

Winter weather often comes with operational headaches and hazards for business owners. Long periods of cold temperatures and snowfall can impact companies in different ways, from reducing foot traffic to extending process timelines. One of the most noticeable impacts is an uptick in fire safety and security device issues, especially if you have yet to…

Continue reading
spectrum-customer-hero-min

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…

Continue reading
24h emergency
Secure My Space
chat with us