Insurance Savings

Filed under: Residential, Security

It is likely that you will realize a monetary savings when you have your alarm system monitored, or have a new system installed and monitored by Wiring Solutions.

An insurance company recognizes both the actual and the deterrent value an alarm system, which is why they will often provide a discount on homeowner’s policies if the insured home has security system monitoring. Annual savings for policyholders can range from 10% to 20%, depending on the type of monitoring service that is provided and whether it includes a fire detection system (monitored smoke detectors).

Why would an insurance company offer a discount for policyholders who choose to install a home security system?  The answer is that they know that this type of monitoring can reduce your likeliness of being burglarized by three to four times.   It is also a proven fact that monitored smoke detectors will limit losses, as the system calls the Fire Department even when you are not home.   If you can avoid being the victim of a burglary, or suffering a property loss, they can avoid having to pay large insurance claims on stolen property or fire damage; for this reason, insurance companies are willing to give these significant discounts. Wiring Solutions will provide you with a certificate of ownership that makes it easy to provide your homeowner’s insurance company the information they will need to give you these savings.  We also will provide this information directly to your insurance company as a convenience to you.

For homeowners who are unsure if an alarm is really worth the price, consider that the insurance discount you enjoy from installing a system may, in fact, completely cover the investment you have to put into installing the system.  More than often, the monthly savings on your homeowner’s insurance is more than enough to cover the monthly security system monitoring rate.

Almost every major insurance carrier will offer a monitored security system discount.  Wiring Solutions does not specifically recommend an insurance carrier, but we regularly work with homeowners whose discount is actually greater than their monitoring charges.  Insurance carriers will vary in discounts, please consult your insurance agent to learn your discount or call our offices at 405-476-9473 to find out more information about how an alarm system can protect what you value.

Electrical License OK33719.  Security License 0888.