It’s probably obvious why these discounts are offered – if your house is protected by an alarm, it’s a lot less likely the insurance company will have to pay you for theft. Just having the security device is enough to used to deter burglars, so break ins are less likely and your insurance company can rest easy that the chances of payout due to burglary will be slim.
Homes protected by a home security system are less likely to be broken into, and are less of a liability for insurance companies who have to pay out for stolen property and damage from break-ins. Low risk insurers are valued customers. Having a security company logo on your window or in your yard makes your home less likely to be broken into. Thieves are deterred by the thought of anything that will draw attention to their activities. When thieves are deterred, your insurance company sees your home as less of a liability.
Some home security companies will do a consultation to determine vulnerability of your home. Based on your needs, the company will determine which system will best suit your home. This includes alarms, motion sensors and monitoring. After final installation is made, the home security company will offer a discount certificate to the insurance company as proof of installment of home security system.
Other equipment such as fire & smoke alarms detectors may also qualify you for insurance discounts. These items will alarm anyone in the house that a fire or poisonous gas is in the home and greatly reduce the chances of full destruction. There are a few monitors that will actually notify the authorities and these will decrease your premiums dramatically.
You can also qualify for discounts on insurance if your home has equipment like fire and smoke alarms or carbon monoxide detectors. With this equipment in place, it is less likely for homes to catch fire and get burned to ground. There is less chance of personal injury because of inhaled dangerous gases. Home security systems that offer fire and carbon monoxide monitoring, as well as a service to alert the local authorities, will bring greater discounts.
And if you already have an alarm system installed in your home, you might already qualify for those discounts, even if you’ve never taken benefit of them in the past. You should always ask about discounts when obtaining a quote from the insurance company, you might save a few bucks and every dollar counts in this struggling economy.
It’s worth the few minutes to speak to your insurance agent – you just might end up saving enough to pay for the monthly security monitoring or other fees! There is no reason you should not ask about the discounts and do what you can to take benefit of them.
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