Good news for homeowners: homeowner insurance companies are offering substantial discounts on policies for homes with monitored alarm systems. According to a recent study by Rutgers University School of Criminal Justice, the availability of monitored burglar alarms to middle class homeowners has helped reduce crime significantly. And in a survey by the Electronic Security Association, ten of the biggest homeowner insurance companies revealed discounts of up to twenty percent for properties with monitored home security systems.
The reasoning behind the homeowner insurance companies’ discounts is clear: modern home security systems are more reliable than ever. As most systems nowadays offer not only burglar alarms, but also fire, smoke, and flood alarms, homeowner insurance companies recognize how much protection their investments get. Burglaries may result in large claims for homeowner insurance companies, but fire and lightening claims amount to almost ten times that amount each year. For homeowner insurance companies, it’s simply good business to offer discounts for homes with security systems. In many cases, the discounts cover the costs of installing a top-notch home security system.
Impact on Homeowners Insurance Rates
Homeowners who want to find out how much installing a security system will affect their premiums can request a free homeowners insurance quote from their insurance carrier. However, those who are in the market for a better deal can request quotes from multiple homeowner insurance companies by going to AgentInsure, one of the nation’s leading insurance comparison sites. To find out how much you can save on your homeowners insurance, contact AgentInsure today!
Ways to Lower Your Home Insurance Premiums
Every homeowner needs insurance, but if you’re like most of us, you’ll want to know how to lower your home insurance premiums without sacrificing coverage. So it’s good to know th...
Read More →
What do I Need to do if my Home Insurance Claim was Denied?
When you file a homeowners insurance claim, it is possible that the insurer will deny the claim for various reasons. Before you assume that your policy does not cover the damage due to the denial, ...
Read More →
Insurance Coverage for Renters With Negligent Landlords
As a young, inexperienced renter, you may think that your landlord has a home insurance policy that will protect you, and that that coverage will pay the cost to repair any damage to your property....
Read More →