If you are looking for a way to reduce the cost of your home insurance, then you should consider the use of security cameras. There are many security reasons for this, but there are also some insurance-related benefits to using them.
Monitored Home Security Systems
If you want to save money on your homeowner’s insurance, you should consider installing a monitored home security system. In fact, a security system can lower your monthly premium by up to 20 percent. It can also prevent or detect a fire, protect your family, and reduce the likelihood of filing a claim.
When you install a security system, you need to be sure to choose the right equipment. Some of the things you should look for include fire and smoke alarms, motion sensors, and cameras. These will help you prevent a fire and can be monitored by your smartphone.
Homeowners should also install a sprinkler system. This can be the fastest way to put out a fire. However, you should make sure you are using an automatic system that shuts off the water, and you will also need to install a fire extinguisher on every floor of your home.
Several insurance companies offer discounts on homeowners’ insurance for installing a security system. These discounts may not cover the total costs of the system, however. Shop with a quality Home Insurance Broker to help you find a policy that suits your security needs, preferences, and budget.
Smart Home Security Cameras
Smart home security cameras are a terrific way to lower your home insurance premiums. These devices can help prevent thefts and injuries and alert you when someone tries to get into your home. They can also deter a break-in and notify law enforcement of a burglary.
If you are unsure if your insurance provider offers discounts on security cameras, call and ask. In many cases, the discount will depend on the type of system you have and the location of your home. If you have professional monitoring, you may be able to qualify for a higher discount.
Homeowners can save up to 20 percent off their premiums by installing a smart security system. These systems are often connected to a smart home system, so the homeowner can control lighting and temperature from anywhere they can access the web.
Decoy Cameras
Decoy cameras can be an effective home security measure. However, they have their own pitfalls. They can be spotted by a perceptive burglar, and their functionality is out of the question.
The most apparent advantage of a decoy camera is that it doesn’t cost a fortune. You can get one for as little as $10. This makes it an affordable, low-tech solution to bolster your existing security systems.
Using a dummy camera in tandem with a more expensive and fully functional security system can also be a practical way to deter naive burglars and inexperienced thieves. But don’t forget the cost of installing a proper set of security cameras.
When determining which of the many decoy cameras you will need, consider the location of your property. An excellent place to install an outdoor security camera is near your eavestroughs. You could also install a dome-style model with stickers to indicate that it is video surveillance equipment.
Deadbolts Help, Too!
If you are looking to lower your home insurance premium, you may be surprised to find that you can get a discount for adding security cameras and deadbolts to your home. The savings will depend on several factors.
Most insurers offer incentives for home security upgrades. These can help you save money by limiting the number of claims you file for theft and damage, and many times, you can expect to save up to 20 percent off your premiums.
Most insurers also require security cameras to be connected to a central alarm station. These cameras can be installed near side doors and front and back entryways, and they can deter criminals before they even arrive. These cameras can be connected to a professional monitoring service that will alert emergency services if the alarm is triggered. The monitoring company will then dispatch first responders to your home.
Some policies will also allow you to get a discount for a smart lock that includes facial recognition, keypads, and sensors. The discount will vary by insurer, so check your policy to see what you qualify for.
