Category: home security

The discount on the homeowner’s insurance premium also varies depending on the type of system you install. Insurers may give you a 5 per cent discount on your premium if you install dead-bolt locks. If you install an advanced security system with monitoring services, you can get a discount of up to 20 per cent on your homeowner’s insurance premium.

You can get additional discounts on your homeowner’s insurance premium, if you install other devices like smoke detectors and sprinkler systems. Your insurance agent will guide you about the different types of discounts that you can avail. He can also guide you about saving more on your premiums, by installing additional security equipment.

You need to make a list of all your possessions when you take out an insurance policy. It is easier to make a list of your belongings when you move into a house and everything is in the open. To take inventory of your belongings, you can make a written list or use a still camera to take photographs. You can also use a video camera, or fill in the blanks in special home inventory software.

Most insurance companies will give you a discount on your homeowner’s insurance premium if you install an alarm system in your house. The discount will depend on the type of alarm that is installed and the reputation of the company that has installed the alarm. It is therefore advisable to take the help of either a home security company or an insurance agent before installing the burglar alarm.

The reason insurance companies offer discounts is not difficult to understand. They realize that homes that are protected by professional burglar alarm systems are less likely to be burgled, and are therefore ready to offer discounts to homeowners who have such alarms installed in their homes.

Some burglar alarm system providers conduct a systematic appraisal of your home to detect the areas that are most vulnerable. They ensure that these areas are protected by the burglar alarm system. They then issue discount certificates to your insurer, which enable you to get a better discount on your homeowner’s insurance premium.

This appraisal enables your insurer to know that your valuables are protected and you are able to save money. Home security systems are available with different levels of sophistication and performance. The prices also differ widely depending on the type of system.