Stewart Grant December 10, 2024 In this day & age where home security is paramount, many homeowners are turning to advanced security systems to protect their properties. This guide will explore how you can use security systems and cameras to enhance your home’s safety while saving on insurance premiums.
Insurance companies recognize that homes with security systems, including cameras, are less likely to be burglarized. As a result, many offer discounts to homeowners who invest in such systems. These discounts can range from 5% to 20%, depending on the type and sophistication of the security system installed and whether it is professionally monitored. While there typically aren’t discounts for security cameras not associated with a comprehensive system, their inclusion makes any security system notably stronger.
Insurance providers aim to minimize risk. Homes that have security systems with cameras are seen as less risky, as these items deter potential intruders and provide evidence in the event of break-ins or other events requiring a claim to be filed. This reduced risk translates to savings for insurance companies, which they pass on to homeowners in the form of premium discounts.
To benefit from these discounts, homeowners need to ensure their security setup meets certain criteria set by their insurance providers. Here are some steps you can take:
Choose a system that includes cameras, motion detectors, and alarms. Abode Security offers a range of options that can be tailored to meet your needs.
Many insurers require that the security system be professionally monitored to qualify for discounts. Abode offers both self and professional monitoring options that qualify for insurance discounts.
Once your system is installed, provide documentation to your insurance company to verify your eligibility for discounts. This should be easy to find within your security provider’s app or request from customer service.
According to a study by QuoteWizard, MetLife offers up to a 14.6% discount for homes with comprehensive security systems, while Allstate provides a 5% discount for self-monitored systems.
Abode Security offers systems that are compatible with major smart home platforms like Google Home and Amazon Alexa.
Investing in a security system protects your home and offers financial benefits through home insurance discounts. Choosing a reputable provider will allow you to enjoy peace of mind and savings.
Explore our range of security solutions and start saving on your home insurance premiums today.
