A home alarm system can give you great peace of mind. But did you know it might give you back money too? Many home insurance companies offer discounts to Indianapolis homeowners who have home security systems. Here’s how you might be able to get a home insurance discount when you have an alarm system.
How Can You Get a Home Insurance Discount with Your Alarm System?
Insurance companies base your home insurance rate, in part, on how much it cost them to insure your house. They look at many factors that tell them how likely you will have an event that qualifies for a costly claim. They also look at safety factors that reduce the chance of a claim. In general, the more risk factors, the higher your rate. The safer your home, the lower your rate.
So how does an alarm system play into this? Insurance companies know that an alarm system will protect your home from those threats that could lead to a claim. Alarm systems can deter burglars and vandals. With a monitored system, they can alert homeowners to destructive forces like fire and floods. The less damage these threats cause, the less money they expect to pay out to you.
To encourage homeowners to protect their homes, most insurers offer a home insurance discount for owning an alarm system. They want you to prevent costly claims to save them money. And they are happy to share a small portion of the savings with you as an incentive to increase your home’s security. In many ways, it’s a win-win situation.
How Much of a Discount Can You Get?
How much of a home insurance discount you get for your home security system depends on a few factors. First of all, every insurance company assesses the benefits of a security system differently. Then they decide how their findings translate into cost savings and what they want to share with you.
However, you may be able to influence your discount’s size with the right security measures. Your insurer may give you a bigger discount for having multiple security devices or more effective ones. For instance, if you combine an alarm system with security cameras and a 24/7 monitoring service, you may enjoy a larger discount than if you have a less complex system.
What Kind of Alarm Systems Do Home Insurance Companies Like?
Most insurance companies will give you a small discount for having a basic home alarm system. But bigger savings go to the Indianapolis homeowners with more comprehensive home security. The more protective features you have, the better. Here are the security technologies your homeowner’s insurer likes to see the most:
- Monitored fire and smoke alarms that not only detect a residential fire and sound the alarm but notify a monitoring service and you on your mobile devices.
- Round-the-clock security alarm monitoring that receives notifications that something is amiss in your home and contacts you and emergency responders.
- Security cameras that send a live stream to your devices and deter trespassers.
- Environmental sensors that can detect plumbing floods, gas leaks, carbon monoxide, and extreme temperatures. Smart systems allow you to remotely turn off the water, adjust your thermostat, and more.
All of these features defend your house from mishaps where your insurer would rather not spend the money. The protection from these security solutions alone is worth the investment, but that small home insurance discount for having an alarm system adds a great extra perk.
Outfit Your Indianapolis Home with Money-saving Security Solutions from Nelson Alarm
A home alarm system by Nelson gives you more than just a lower homeowner’s insurance rate. They help protect your home and give you greater peace of mind. To find the right home alarm system for you, contact Nelson Alarm at 317-255-2125 or request a free quote today.