The safety and security of your home are a top priority for any home and commercial building owner. The importance of having a top-of-the-line security and alarm system cannot be overstated. Not only do they provide peace of mind, knowing your property is always protected, but they can also significantly impact your insurance rate. Insurance companies often offer discounts to homeowners and commercial property owners who take the extra step to install a security system in their property, as it reduces the likelihood of theft and damages.
Keep reading as we will explore the different ways in which having a good alarm system will impact your insurance rate and what factors insurance companies focus on when determining the discount they provide you with. We will also provide tips on choosing the right alarm system to maximize your insurance savings.
Insurance Discounts for Properties with Alarm Systems
Insurance companies offer homeowners and commercial property owners discounts with alarm systems installed on their properties. This is because alarm systems provide an additional layer of security that makes it less likely for theft or damage to occur. The discount offered by insurance companies can range from 5% to 20% depending on the type of alarm system installed and other factors such as:
- The property’s location
- The crime rate in the area
- Insurance company policies
Home and commercial building owners who have monitored alarm systems connected to a central monitoring system that alerts the authorities in case of an emergency are more likely to receive higher discounts than those with unmonitored alarm systems. Speak with your insurance provider to get a clear answer on what kind of discount is available for you and the requirements you must meet.
The Best Security Products That Will Improve Your Insurance Rate
When searching for the best security products that give you a chance to increase your property’s security and improve your insurance rate, a variety of security products are available. Here are some of the best security products that will help maximize your insurance savings.
24/7 Monitored Alarm System
At the top of the list is a monitored alarm system. It is one of the best security services available that you can have on your property and is almost guaranteed to insurance rate. These systems are connected to a central monitoring system that alerts the authorities in case of an emergency or suspicious activity. This makes them more effective in deterring burglars and reducing the risk of damage to your property.
Smart Locks
Smart locks are another security product that will help to improve your insurance rate. These locks are connected to your smartphone and allow you to monitor and control access to your property remotely. As we all have been taught, don’t open the door to strangers. Smart locks give homeowners the possibility of seeing who is at the door and communicating with them without needing to open or even get close to the door. In addition, some insurance companies offer discounts for homeowners with smart locks installed because they make it more difficult for burglars to access your property.
Security Cameras
Installing security cameras in and around your property can also help to improve your insurance rate. Cameras are a deterrent to burglars and can provide valuable evidence in case of a break-in or damage to your property.
Complete SMART Home Security Automation
Home automation is becoming increasingly popular for all home and commercial building owners. This is because it allows all security systems to be connected and accessible at the touch of a button. Immediate notifications and the ability to check in on the property whenever and from wherever increases the possibility of a break in your insurance rate each year.
When selecting security products for your property, it is crucial to consider the level of protection you need and what will work best for your budget. Choosing the right security products can help reduce the likelihood of theft or damage to your property and improve your insurance rate.
How to Choose the Best Security Products for an Improved Insurance Rate
Choosing the right security products can significantly affect your insurance rate. Here are some factors to consider when choosing the best security products for an improved insurance rate:
- Coverage: Consider the range you need for your property. Some security products may be more effective in certain areas than others. For example, if you live in a room with high crime rates, a monitored alarm system may be more effective than a simple motion-activated light.
- Budget: Security products can vary significantly in price, so it’s essential to consider your budget. While some products may be more expensive, they may offer better protection and be more effective in improving your insurance rate.
- Compatibility: If you already have a home security system, choose security products that can integrate with it.
How Goldy Locks – Alarm One Can Help You Save on your Insurance Rate
As one of the leading providers of security products and systems in the Chicagoland area, Goldy Locks Inc are proud to offer our clients the best options for commercial and residential properties. With years in the industry, we know what our clients need to both enhance their security and have the best chance of saving on their insurance rate. Contact us today to discuss all of the options you have with a trained, certified, and knowledgeable security specialist.
Last Updated on March 1, 2023 by Goldy Locks Security Systems
