- Insurance Benefits of a Home Security System
Insurance Benefits of a Home Security SystemWhen a person usually talks about the reasons to get a home security system, insurance benefits are not necessarily on the top of the list. However, there are some insurance benefits to getting a home security system that can create a very positive experience for a homeowner. Below are some of the insurance benefits that people receive when they purchase a home security system.
Insurance companies are most concerned with the risk to themselves of payout. Anything that a homeowner does to eliminate all or part of this risk will help in the amount of the premium that homeowner has to pay. Studies have shown that having a home security system has a definite positive effect on the safety of a home; as such, the insurance companies will be much more likely to discount a monthly premium for a piece of real estate that has a home security system. However, this is not the only benefit of having a home security system in your home. This leads directly to the next benefit of having a real estate security system.
One – The overall insurance rate for the real estate property will go down.
By protecting the real estate that you own with a home security system, you also protect the assets within it. Any large assets such as artwork, furniture or jewelry that they have insurance premiums of their own will also be positively affected by the home security system that you implement. Just as you can get a discount on a piece of jewelry by storing it in a bank vault, you can also receive an insurance discount by putting a home security system in the place in which to store your jewelry. The insurance packages that you purchase specifically for these large assets may have their premiums reduced because of the insurance that you have bought on your real estate.
Two – You protect the assets within your home.
Outside of that, there is also the threat of property damage to your real estate and to your assets. You lessen the opportunity for property damage to your large assets and to your automobile by incorporating a home security system into your real estate. This can provide you with an opportunity to lessen the amount of premium on your automobile insurance. You can also receive discounts on premiums of your large assets in terms of damage rather than just theft. There are often different insurance packages protecting against a total loss as opposed to a damaged piece of property.
Three – You protect your property and automobile from damage.