The Role of Smart Home Security Systems in Insurance Premium Reduction

How Installing a Security System Can Lower Your Home Insurance Costs

When you think about keeping your home safe, it’s helpful to consider an advanced security system. Investing in a smart home security system can lower your insurance bills and put some extra cash back in your pocket. Many insurance companies provide discounts for homeowners with advanced security solutions, allowing you to save money in the long run. And if you’re a home builder, you can help your Houston, TX, clients save on insurance costs by working with a smart home security integrator. Let’s take a look at how these smart home security systems work and how they can help shrink your insurance payments.

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Why Insurance Companies Care About Home Security

Ultimately, your insurance company wants to ensure your home isn’t damaged, vandalized, or burglarized. After all, fewer crimes allow them to save money as well. This is where security systems come in handy, deterring intruders and providing valuable evidence in case of a break-in. Since smart home security reduces the chance of losses, insurance companies reward you with lower premiums. 

Types of Home Security Solutions 

Home security systems are most effective when comprised of multiple integrated systems. This multi-faceted approach provides comprehensive protection for your home. Moreover, if you invest in a home control system like Savant, you can easily manage everything from a single interface. 

Basic Alarm Systems

These are the no-frills systems that sound an alarm if someone tries to break in. Just having that loud alarm can send burglars running and put a stop to any criminal business. You can also choose systems that send silent alerts to your phone, allowing you to swiftly contact authorities and catch intruders in the act. 

Surveillance Cameras

Think of these as your eyes when you're not around. Visible security cameras are fantastic for scaring off would-be thieves, and if someone does try to pull a fast one, you'll have a clear picture of who they are. Moreover, you can remotely view footage from your device, whether at work, on vacation, or anywhere else in the world. 

Smart Home Control 

Smart home installers can integrate security equipment into your Savant platform, allowing you to control everything from one device. With a single tap, you can remotely turn off lights, lock your home, adjust the thermostat, and monitor each room on your phone or touchscreen. Additionally, you can integrate motion sensors into the Savant system, so your house automatically locks and your lights flash when an intruder is detected. 

How Much Can You Save?

How much you save on your insurance premium depends on a few things:

The type of security system you have: The more extensive the system is, the bigger the potential discount.

Who your insurance provider is: Each company plays by its own rules, so their discounts can vary.

Where you live: If your neighborhood has seen its fair share of trouble, you might get some extra savings.

Steps for the Maximum Savings

Consult with Your Insurance Company

Before you have a security system installed, have a discussion with your insurance provider. They'll let you know which features qualify for a discount.

Choose the Right System

Pick a system that fits your needs and gets you the best discount. Monitored systems usually offer the highest savings.

Proper Installation

Hire a professional to install your system correctly. Some insurance companies require professional installation to trigger the discount.

Provide Proof

Once your system has been installed, send proof to your insurance company. This can include receipts, contracts, or certificates from the security company.

Extra Perks to Keep in Mind

Apart from the money you save on insurance, a home security system brings a ton of other benefits:

Better Safety: In addition to deterring burglars, modern systems include carbon monoxide, fire, and flood detection to give your home and family full protection.

Peace of Mind: With your home secure, you can kick stress and worry to the curb.

Bump in Property Value: A home with a security system can catch the eye of buyers and up your property's appeal.

A home security system is a big win for your bank account and helps protect your home and family. Want to know more? Contact our team at Titan Technology. Call us at (713) 300-0685 or fill out our online form. You can also chat with us below to get started.