Reducing Costs for Home Insurance with a Security System? Here’s How!

Have you ever thought that you’re paying too much for your insurance premiums? Are you anxious about burglary in your neighborhood? Fret not, a comprehensive security system around your home can get you that home insurance cut that you deserve.

Your home is always at risk of burglary. In 2012 alone, around 2.1 million burglaries have been reported, according to alarm.org, a site administered by the Electronic Security Association. That is about one burglary happening every 15 seconds. That number alone will make you feel anxious when choosing a neighborhood to move in, or guarding your home at night. Not including the fact that your insurance premiums go high when your neighborhood has a high theft claim quota.

Homes that are equipped with an effective security system lessens the possibility of burglary. This acts as a deterrent for burglars to break into your home and threaten the safety of your family. According to Alarm.org, about 90 percent of convicted burglars go away to houses that have an alarm system.

With that high a number of burglaries, it is rational to think about installing a security system in your house. Aside from helping you sleep peacefully at night, it will also help you get that cut in home insurance you deserve because security systems reduce home insurance premiums, here’s why:

● Up to 20% cut on insurance premiums costs

If you have installed an effective security system around your house, then here’s that cut you deserve. According to the Insurance Information Institute, homeowners can get about 15 to 20 percent drop on the costs of their insurance premiums when you have a comprehensive security system. Instead of paying the whole cost of insurance premiums, you may use that price cut to other expenditures. Not only will you be able to enjoy a cut on your insurance costs, you can also get discounts for the purchase of your security system.

● Win-Win situation

Aside from getting a cut on your insurance premium, insurers may also provide a discount when they see your home installed with a security system. Insurance companies assess the increase and decrease on incidents that result in damage properties. These insurance companies are more likely to get you a discount if they see a minimal risk for these incidents. Apart from all these, you can also stop worrying more about the safety of your family.

● Avoiding insurance cost hikes

The costs of your insurance premiums also depend on their policies. So make sure you have read them carefully! According to The Simple Dollar Home, insurance companies may decide to increase your home insurance costs when a burglary incident happens in your home.

● Lessen theft claim quota

When moving from one house to another, you might want to check on the frequency of burglaries around the neighborhood. When neighborhoods experience a lot of burglaries and other incidents that damage properties, this also means that the amount of insurance premiums you will have to pay will skyrocket. You will benefit in a neighborhood that has an effective security system because it saves you money by limiting the theft claim quota, or the amount of thefts that occurs in a specific area.

● Installing other safety features

To help you get that cut you really deserve is through installing other safety features in your house. Make sure you install an effective smoke alarm system and deadbolts. According to the Insurance Information Institute, these other safety features will help you lower your insurance premiums. A comprehensive security system and other safety features will help you and your neighbors to decrease the risks of losing a lot of money and stress from thinking about your family’s safety. Homeowners should not only alarm themselves on burglary incidents but also of other safety risks around their home. You may be at risk of burglary but you are also at risk of losing your home in a fire.

Security systems and other safety features around your home are precautions that help create a secured environment in a neighborhood. This also helps prevent the rise of crime and the risk of being a victim to these crimes. Investing in a home security system helps not only your family but also on budgeting your expenditures. A sudden hike in insurance premiums while on a strict budget may put you in a difficult position.

Your safety is the primary concern. Installing a security system only brings with it perks like saving money a lot of money from insurance premiums. Home burglaries often happen due to a faulty security system, or the absence of it. If you have no security system, you are at risk of losing a lot of money and sacrificing your family's safety. Why go through all that trouble when you can get a security system now!

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