You rent your home or apartment and are looking to get a security system. You know alarm systems work and want extra home protection. You've looked at some alarm companies online and researched their value. It's time to actually sign up. The question though is can home renters get a monitored home alarm system?
Yes renters can get a monitored alarm system, however some alarm companies will discriminate against renters. Certain companies will either not sell their systems and services to renters or will force them to pay more for them. ADT and Vivint are some of the companies that require additional costs. Certain companies may require a downpayment for the equipment. This is even with the customer signing a long term contract.
The reason is because these companies view renters as a risk. Renters may not stay at an address as long as someone who owns a home. Renters may be more prone to moving. Most home alarms require service on a move. This is especially true with alarm companies that employ installers. This means more costs to the alarm company. The alarm company wants to limit their risk. By getting the renter to put more money down upfront, they believe that the renter now has "skin in the game" and is less likely to cancel. Plus the renter has now offset any potential future costs.
ADT though has high monitoring fees. They also have a multi-year contract that if a customer were to cancel, the customer would have to pay out the remainder of the contract. So right away the customer is on the hook for high costs without any out clause. With that said, is it fair for the company to now charge a renter more? The answer is no.
Companies where you own the alarm system don't require more from a renter. Think Protection and Simplisafe charge all customers the same price, regardless of them owning or renting their homes. The only criteria to get an alarm system from these companies is that the alarm user have a valid credit card. This provides security for all homes. There's no credit check required. Plus the system is easily moved, so if the renter decides to move they can take the alarm system with them.
Home renters can indeed get an alarm system, but certain companies charge a premium. If you are a renter, don't go with a company that will charge you more simply because you rent your home or apartment. Get the best security available at the fairest price. Think Protection doesn't upcharge renters. Monitoring with Think Protection is $12.99/month and there's no annual contract. If you rent your home, then protect it with a Think Protection alarm system today.