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!
Homeowners 101: What are the Main Factors of Home Insurance?
When you are looking for homeowners insurance to protect your new house, it is important to understand the factors that are covered by a basic policy. Although coverage will vary between companies,...
Read More →
Homeowner Basics: Exploring your Home Insurance Options
As a homeowner, you have a lot of decisions to make. One of the most important is choosing the right insurance to protect you and your finances in case the unexpected occurs. While understanding in...
Read More →
My House is Paid Off - Do I still need Homeowners Insurance?
As a homeowner, you probably had to initially get your homeowners insurance policy as a requirement when you got your mortgage. This is because the lender had a lien on the home, meaning that the l...
Read More →