Homeowners insurance is calculated using a few constants. For instance, your premiums are based in part on your home’s location, the cost to rebuild it, and the value of the contents of your home. Those don’t change much.
But, if you are interested in reducing your insurance premiums, there are a number of steps to take that can help reduce what you pay.
One of the biggest and easiest ways is improving home safety. According to Farmers Insurance, this is the No. 1 most effective way to reduce your premiums, and Travelers Insurance also cites home security as a way to possibly lower your premium.
So the answer is yes, home video surveillance and other security systems can lower your premiums. Even disaster-proofing, which, in turn, improves safety, can help lower your premium. The reason is simple: A more secure home can lessen the risk for burglary or home disaster, ultimately saving the insurance company money.
What Types of Home Security Reduce Insurance Premiums
There’s no right answer, as it depends on your insurance company. That’s why it’s smart to check with them first to understand what kinds of upgrades qualify for insurance deductions.
But typically, home security enhancements like surveillance cameras, alarm systems and dead bolt locks all can help. Additionally, enhancing window security, adding fire sprinklers and smoke detectors security, and joining a neighborhood watch program can also contribute to lower premiums.
How much will you save? It depends on your insurance company, but the majority of insurers do provide incentives for home security upgrades. According to the Insurance Information Institute, adding all or some of these systems can help cut your rates by 5 to 20 percent.
There’s a simple reason why security enhancements can save so much. According to U.S. property crime data, homes without security systems are 3 times more likely to be burglarized. And considering the typical burglar breaks into a home in 60 seconds, it’s helpful to take steps to prevent them before they act. Home security cameras, for instance, are an extremely effective deterrent. Because most homes are burglarized during the day, visible video surveillance cameras can turn away criminals before they act.
Therefore, a home security camera system, in tandem with an audible alarm and quality dead-bolt locks will better deter criminals.
Deelat.com is your source for home security cameras and video surveillance tools. We carry systems of all types and for any budget, including Closed Circuit security systems or WiFi-enabled tools.
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