Does Home Security Lower Home Insurance?

You probably know that you can save on your home insurance by installing smoke detectors, having deadbolts and having a multi-policy discount. However, there are lesser known ways to save on insurance that you might not know about. One of those ways is to install a home security system.

How Much Can I Save on Home Insurance with a Security System?

The exact discount that you will receive on your home insurance premium varies depending on several factors. However, you can save as much as 25 percent off your home insurance premium by installing a home security system. These features will get you the most savings.

Professional monitoring

Most insurance companies require that the system be professionally monitored to get a discount. Some alarm companies, such as ADT, will provide you with a Homeowner’s Insurance Certificate that you can present to your insurance company for proof.

Leak detection

Security systems that can also detect water or gas leaks can save you even more. Some of these sensors can send a notification to your smartphone to alert you to a leak before it turns into a flood. Others can automatically shut off the water. According to Bankrate, these sensors can shave as much as 10 percent off your home insurance premiums.

Monitored fire and smoke alarms

Another great way to save on homeowner’s insurance is to install monitored fire and smoke alarms. Many monitored fire detectors can also send a notification to your smartphone when smoke or fire is detected.

Security cameras

Adding security cameras might save you even more on insurance especially if they feature 24/7 video monitoring.

Where Can I Find a Home Security System?

Do you need a security system but don’t know how to choose from the many ones out there. If you’re overwhelmed by all the choices, contact your local security alarm specialist. They usually have painstakingly compared all of the major professionally-installed and DIY systems to help you find the best home security system for your needs. Be sure to look over all of the major systems and compared things like monitoring fees, features and more. Get started today and enjoy a home security package that meets your needs. IBM