How surveillance systems save money on insurance


Posted on January 24th, by Richard Davis in Home Security, Video Surveillance. 1 Comment

Surveillance equipment can keep more than your property safe – for some homeowners, it can also mean major savings. Installing a security camera system may help you save money on homeowners insurance. Some of the most popular insurance providers in the United States offer this benefit, and using the information below, homeowners can decide whether or not investing in security cameras will also benefit their insurance-related finances.

Why do these discounts exist?
As risk is the major factor of the insurance industry, policy providers prefer clients who pose the lowest threat. Research has shown that properties monitored by video surveillance equipment are less likely to be burglarized than those without, so in turn, fewer of these homeowners will need to file claims for loss or damages. As more claims cost the insurance company more money, both parties can benefit from the installation of security cameras.

Intruders tend to stay away from homes that are protected by alarms and cameras because they pose an increased risk of being caught and going to jail. According to The Huffington Post, homes that are not monitored by video surveillance equipment are 300 times more likely to be broken into. These types of statistics are also attractive to insurance companies, as they often will lead to fewer expensive claims.

Does it matter which security system I choose?

Many companies offer larger discounts for more sophisticated security systems. These systems feature the latest industry trends, including DIY installation, multiple base units, and up-to-date technologies like voice-activated controls, remote monitoring and interactive monitoring services. Many of the top equipment providers, including Bosch, Samsung Techwin, ACTi and Geovision offer systems with these capabilities that allow homeowners to invest in a more involved system that will keep them safe while making them desirable candidates for insurance companies and discounts.

How much can I save?
There are many factors that affect how large of a discount homeowners can receive from installing security equipment. The type of equipment installed in the home is the most important indicator, but geographical location, home size and other policy agreements can also affect this number. According to MSN Money, companies usually offer homeowners insurance discounts between five and 20 percent to protected clients. Depending on the policy, this can generate savings of up to $80 per month after users pay their monthly security equipment monitoring fees.





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