Installing a Burglar and Fire Alarm May Reduce Your Homeowners Insurance Premium
Investing in residential security systems can provide your family with peace of mind, but can it also save you money over the long term?
In regard to homeowners insurance, the answer is “yes.” In fact, depending on the insurance company, you can save five to 20 percent on your homeowners insurance by having security measures in place. Homeowners who install a burglar and fire alarm system that is monitored by a third-party company typically receive a 15 to 20 percent discount.
Although an insurance company may consider your home to be at a lower risk of burglary if a residential security system is installed, you may wonder whether investing in a burglar and fire alarm system will actually deter potential burglars from attempting to enter your home.
According to the Home Security Guru, a home with a monitored alarm system is three times less likely to be burglarized than a home lacking a security system. Some homeowners believe that the presence of a home security system sign on your property alone is enough to deter burglars.
Regardless of whether an alarm system will deter burglars from forcing entry into your home, it will ensure that your home is protected in the unfortunate event of a break in. With a monitored residential security system installed, your monitoring company dispatches the police and fire department to your home if your alarm is triggered.
Considering that victims of burglary offenses suffered an estimated $4.6 billion in lost property in 2009, with the average dollar loss per burglary offense reaching $2,096 according to the FBI, it’s crucial to prevent burglars from entering – and remaining in – your home. A residential security system can accomplish this, as a burglar will likely leave your home after activating the alarm system.
Fortunately for all homeowners, the 2,199,125 burglaries that occurred in our country in 2009 represent a 1.3 percent decrease from the previous year, but it’s still important to take measures to protect your home and assets. Installing a burglar and fire alarm can provide your family with the peace of mind you need to feel safe, not to mention an insurance discount. For more information on residential security systems and homeowners insurance discounts, please subscribe to our blog or contact us.
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