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August 8, 2018
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Will a Home Alarm Reduce Your Insurance Costs?

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You're thinking about getting a home alarm system. You understand that a monitored alarm will provide fantastic security. The icing on the cake is that you just found out that having a monitored alarm will also save you money on your homeowners insurance. The questions are how and why does a home alarm system save you money on your home insurance?

The reason why insurance companies want you to have a monitored alarm system is because they work. Homes with monitored alarm systems are three times less likely to be broken into than those without one. Burglars don't want to be caught. If they are choosing between a home with an alarm system and one without, the burglar will usually choose the one without. A monitored alarm system is an incredible burglar deterrent. Police departments recommend protecting your home with a monitored security system.

Insurance companies do not want to pay out claims. While floods typically tend to be the biggest payout insurance companies make annually, burglaries are also frequent claims. A monitored alarm system is an easy to instantly increase your level of protection. Since an alarm system will equal less likelihood of the insurance company having to pay out for a burglary, the insurance company will give homeowners an incentive to have one.

Call your insurance company to find out what kind of discounts your insurance company will give for having a monitored alarm system. Some insurance companies will give further reductions in your premiums for having monitored smoke detection and flood detection. Most home alarm companies have the ability to add these services to your home alarm system. These services will save you anywhere from 3% to 15% off your monthly premiums.

What is required is proof of having a monitored alarm system. Most alarm companies will provide an insurance certificate upon signing up for services. Simply email or fax the document to your insurance provider. If you decide to cancel services with the alarm company, most will require you to contact your insurance provider to notify them your monitoring is no longer active. This will void your discounted monthly premiums.

A monitored alarm system provides exceptional value and security. Alarm systems work. Insurance companies know this, which is why they give a discount to homeowners that have them. If you do not currently have a monitored alarm system, get one today. You'll save money on your insurance and will have greater peace of mind. It's a true win/win.