Installing a Security System Can Lower Your Home Insurance
Updated: Feb 15
Another perk of having your own security system is that with verification through your insurance company, you may have the option to lower your insurance premium!
Home insurance companies typically offer discounts to homeowners who have installed security systems, as they are seen as a lower risk for theft or property damage. In this blog post, we'll discuss how having a security system can help lower your insurance premium and what you need to know to get the discount.
Home insurance is designed to protect your property and belongings from damage or loss caused by unexpected events, such as theft, fire, or natural disasters. The cost of your home insurance premium is based on a number of factors, including the value of your home and its contents, your location, and your claims history.
However, one of the most important factors is the level of risk associated with your property.
A home security system can help lower your risk of theft and property damage, which in turn can lower your insurance premium. Most insurance companies offer discounts of anywhere from 5% to 20% for homeowners who have installed security systems.
The discount will vary depending on the type of system you have installed, the level of protection it provides, and the insurance company you are working with.
To qualify for a security system discount, you will typically need to provide proof of installation, such as a certificate of completion or a copy of your contract with the security company. You may also need to provide details about the system you have installed, such as the type of sensors and devices used, the level of monitoring, and any other features that may be relevant.
It's important to note that not all security systems will qualify for an insurance discount. Insurance companies will typically require a certain level of protection, such as monitoring for burglary and fire, to qualify for the discount. If you are considering installing a security system to lower your insurance premium, be sure to check with your insurance company first to see what types of systems and features are eligible for a discount.
In addition to potentially lowering your insurance premium, having a security system can also provide peace of mind and protection for your home and family. With a range of sensors and devices designed to detect unauthorized entry, fire, and other dangers, a security system can help keep your home and loved ones safe and secure.
So, in conclusion, having a security system can lower your insurance premium, because it reduces the risk of theft and property damage. Be sure to check with your insurance company first to see what types of systems and features are eligible for a discount, and enjoy the added protection and peace of mind that a security system can provide.