Installing monitored safety and security devices in your home can reduce homeowner’s insurance up to 20 percent. That means if you pay $1,000 a year for coverage, installing these devices could save you $200 annually.
You can also ask about discounts that may be available through other carriers or companies. If the cost of installation is high, it might not be worth it for some people. But if you’re looking at spending around $100 on equipment and installation costs, then this could be worth it for many homeowners who are already paying out-of-pocket expenses due to theft or damage from fire or water leaks.
It’s important to note that most policies have a deductible amount before they start covering damages. So even though having an alarm system installed will help reduce premiums after the fact, there’s still going to be some out-of-pocket expense involved when something happens.
In general, though, adding additional protection measures like smoke detectors and fire extinguishers will likely result in reduced rates as well – but those aren’t typically included automatically by all providers, so check with them first before making any changes.
Installing a monitored safety and security system in your home can reduce your premiums by up to 20 percent. That means that if you have $1,000 of coverage, it could be reduced to only $800. With the average cost of a monitored security system at around $400 per year or just over $33 per month, this is an investment worth making.
Not only will you get peace of mind knowing after applying a home security system that help is always available in case something goes wrong, but you also enjoy substantial savings on your homeowner’s insurance. It’s like getting paid for protecting yourself.
To learn more about the importance of home security systems, read this article.
Virginia Hoff is a former police officer with over 20 years experience, and currently acts as the Senior Security Writer for Be-Safe.org.
Her expertise include Home Security and Family Protection.