Studies have shown home security systems deter crime. Studies tracking crime statistics reported by police departments indicate a steady decline in crime in areas where a large number of registered home security systems are. Home security systems benefit the individual homeowner as well as the neighborhood in general. Neighborhoods with a higher concentration of home security systems experience fewer reported crime incidents than neighborhoods where fewer systems are installed.
Usually burglars will skip over homes where they know home security systems are installed. However, this does not necessarily completely stop the burglar. If the burglar is brave enough to work his way into your home despite the security system, he will likely take less of your property simply because he knows there is a limited amount of time before the police will arrive. In most cases though, burglars will move on to the next home available without a security system installed.
Lower Homeowner’s Insurance Rates
Homeowner’s insurance is always required by your lender for the duration of the loan. The premium is typically worked into your mortgage payment to ensure it is always paid. Insurance companies will provide lower rates to homes that have the best home security systems installed just because they are statistically less likely to be broken into. If your security system also has fire protection, this dramatically reduces the chance of the home becoming a total loss as a result of fire which is also a good thing for the insurance company. Since the home is much less of a liability for the insurance company, they are willing to pass the savings on to you.
Insurance companies offer a variety of discounts, so it is a good idea to shop around to see which one will give you the best discount. If you have auto insurance with one company, consider bundling your homeowner’s insurance with them as well because you may qualify for a multi-policy discount further offsetting the cost of the home security system. The discount is usually enough to reduce the cost of system installation and monthly monitoring fees.
Increase Your Home’s Value
If you plan on selling your home at some point in the future, having a home security system installed is an amenity that can add value to your home when you put it on the market. While the new homeowners always have the option to discontinue using the service, or to replace it with a home security system offered by another company, it is an attractive amenity for many home buyers. Talk to a realtor to learn more about how a home security system can positively affect your home’s value.
Quick Call for Help
Emergency medical help can be accessed with just a press of a button on your home security system’s keypad. if something happens to you, all you have to do is press the button and help will be dispatched to your address without the need to call 911. This is helpful for many people, but it may not be the best option if something happens and you are not close to the keypad.