To get favorable homeowners insurance rates, you want to be viewed as a low-risk homeowner by your insurance company. One way to do so is to prove to them that you are taking care of and protecting your home. While there are many ways to make your home safer, one of the best solutions is to have a strong home security system in place.
Let's think about how taking the action of buying a home security system may lower your rates.
Understanding Home Security Systems
Home security starts with having strong locks on your doors and windows (and using them). Still, the more sophisticated your security system, the safer your home might be. From a basic intercom at the front door to motion-sensor cameras around all parts of the property, the main purpose of having a security system in place is to make the home secure against any potential danger.
Numerous hazards could occur in your home, including:
Carbon monoxide leaks
Many people think that security systems are just burglar alarms. In reality, today’s systems are very sophisticated and can sense any number of hazards from a central location. They can even monitor hazards that might not seem obvious to you day in and day out. For example, a doorbell camera can monitor when someone leaves a package on your doorstep and provide evidence if items get stolen.
Why Do Home Insurance Companies Want You To Have A Security System?
Your insurer wants to keep your home as safe as possible, since the safer the home, the lower your risk of having to file a claim on your home insurance policy. That reduces the cost risk to the insurer. All in all, a comprehensive security system can go a long way towards reducing. Because you have made a concerted effort to keep your home as safe as possible, you might be able to qualify for special policy discounts, as well.
Which Home Security System Is Best?
There are many types of home security systems, and there is no right or wrong answer for which is right for you. However, many of today’s systems offer smart technology components, which allow the user to monitor them through a computer or mobile device. In other words, they sense what’s going on around you in your home, and immediately notify you of a problem. The faster you can respond, the safer your home will be, after all.
Still, Not all home security systems will entitle you to a discount with your home insurance company. Talk to your insurance agent about whether they offer these types of discounts and what type of system you should buy in order to qualify for one, nonetheless.