If you’ve ever gotten a quote for your home insurance, you’ve probably been asked the question, “Do you have a monitored burglar alarm?” At the time, you might have wondered why that’s any of the agent’s business. Why should they care if you do or don’t have a security system in your home? Well, it all comes back to risk. The thing is, having a home security system lowers your risk of burglary, and a lower risk means that you have a reduced chance of having a loss that the insurance company would then have to cover.
Okay, having a security system isn’t a guarantee that your home won’t be broken into. There’s a chance that you could still face a burglary by an intrepid and fearless thief who just has to have your 60” flat screen (which is why you should take steps to prevent a burglary.) Insurance companies know that. But the logic is that with a home security system, the burglar will be scared off more quickly and will take less property from your home if the alarm goes off. Plus, the police are alerted that much quicker, giving them a better chance of catching the thief.
So, insurance companies like monitored burglar alarms. They like them so much that they just might give you a discount on your home insurance if you have one. If your agent hasn’t ever asked if you have a security system or you have one installed to protect your family, give them a shout and let them know. It never hurts to ask if there’s any kind of discount on your premiums because of your snazzy security system!
Et voila – your security system gains an added bonus. It protects your family, helps you feel more secure, and saves you money! It’s a win-win-win.
Pro tip: While you’re thinking about your security system, you should also consider taking a home inventory. This can help you with filing a home insurance claim if you do ever have a burglary or fire.
Now, if you’re thinking that getting a security system sounds like a great plan, we’ve got some tips to help you pick one that will suit your needs.
1. Choose a company that has a strong reputation of quality products and trustworthy service.
2. Find out if their products are listed with Underwriter’s Laboratories, a consumer testing service, and check out their Better Business Bureau rating.
3. Ask to see references and contact them about their experience with the company.
4. Make sure that you have a good monitoring service for your system.
5. Check and see if the monitoring service has backup plans if the power lines go down. Do they have a cellular or radio way to monitor your home if you lose power?
6. Find out how the monitoring service tests their system, how often they run tests, and how they handle problems if they find them.
7. See if they offer annual maintenance as part of their cost.
8. Ask if there’s a way to turn your security system turned into a fire alarm system. This will help the fire department respond faster if a fire starts when you’re not home. Extra protection for your home!
A home security system can grant you peace of mind. It can help you protect your family and your home, making you feel more secure and safe. Those are some pretty big benefits right there. But that’s not where the perks stop. You might qualify for a discount on your homeowners insurance if you have a monitored security system. You can also consider turning your system into a fire alarm that will alert the fire department. So, even though it might seem expensive to have that security system installed, there are plenty of reasons to do so. And one final thought – don’t forget to make sure that you have enough home insurance for your house.
If you would like to get a free quote for your home insurance, we can help you out with that! All you have to do to get started with your quotes is fill out our quote form or give us a call today and we would be more than happy to get you a free quote – taking your home security system into account.