How Alarm Systems Can Reduce Insurance Costs
Put Safety First and Reap the Benefits In More Way Than One
In the United States, according to the Federal Bureau of Investigations (FBI), a burglary takes place every 14.6 seconds. Homes without a security system are three times more likely to be robbed. The result is a traumatic, devastating experience for you, as well as an expensive loss. The average home insurance claim for burglary is around $3,900.
Being robbed costs much more than the loss of your personal belongings, though. It robs you of a sense of security. A robbery can have you jumping at shadows and looking over your shoulder. You might even wonder if you can trust your own neighbors. Once you file an insurance claim, it also takes more money from you as your premiums increase.
Reduce your risk and your insurance costs by putting safety and security first. Install a good alarm system.
What Kind of Alarm System Saves the Most Money?
A quick online search will bring up dozens of local or regional security companies ready to sell you an alarm system. Some cable companies even provide a basic service for homeowners. While almost any security system is better than nothing, how much you save on your home insurance depends on the type of system you select.
Adding a security system to your home could save you as much as 20% on your insurance. To receive the maximum amount of savings, you’ll need a very specific type of central monitoring alarm system. Here’s how it works:
- A burglar enters your home, triggering an audible alarm, and sending a signal to the alarm company.
- The alarm company calls you to make sure it’s really an intruder, and not just a false alarm.
- If they get no response from you or you confirm someone has broken into your home, the alarm company contacts emergency services for you.
If you choose a less expensive service that doesn’t provide that call to your local police or fire department, you’ll still save some money on your insurance but not as much.
Extra Security Isn’t Just About Saving Money
Depending on the cost of your homeowner’s insurance, the savings from a security system might not make up for the monthly payment. Spending less on your insurance isn’t the only reason to make your home safer, though. Knowing you’ve got an entire system and company monitoring your home offers a lot of peace of mind.
You can go out of town and know that if you’re robbed or a fire starts, someone will call emergency services for you. A lot of damage can be prevented or decreased with the right central monitoring alarm system.
If you add any type of additional alarm or security systems to your home, make sure to contact your insurance agent right away. Discounts add up, and with the right security system, this could be a big one. To make sure you’re getting all the discounts you’re entitled to or for a quote on a new policy, contact us at Ross Insurance today.