If you’ve got home and contents insurance, you’ll have the confidence your valuables will be protected in the event of an unfortunate incident. Insurance policies, however, can be pricey, but there are great ways you can reduce your costs without compromising the safety of your home. Can security cameras really lower how much you’ll pay on insurance? Read on to find out.
Enjoy lower premiums with home security
The simple answer is: yes, an alarm system and home security cameras can reduce how much you’ll pay on insurance. But how?
The more secure you make your home, the less likely it will be for someone to attempt an intrusion or target your home for a break-in. Insurers tend to consider security cameras as successful deterrents against crime, and as turning your home into a difficult target for theft or criminal activity. It’s believed that security cameras alone reduce premiums by as much as 5 to 10% – which itself is a great incentive to have them installed.
Fewer break-ins mean fewer insurance claims, which is better for your insurer. Your insurer won’t need to pay out as many claims if their clients have strong security systems in place, so it’s a win-win situation all around.
To acknowledge the security smarts of their clients, most Australian insurance providers give back to individuals or families with high-quality security systems in place by reducing their premiums or offering discounts. If you have a comprehensive system installed in your home, complete with alarms and monitoring, you could see your premiums reduce to as much as 20% – a great result in our books.
Insurers do more than just take your home into account when determining your premium. They also consider the neighbourhood – areas that have a lower crime rate, often thanks to the number of security systems installed in homes, are more likely to be deemed safer and carry lower insurance premiums.
Installing security cameras on your property can therefore lower how much you’ll pay on insurance, and can even offset the cost you’ll pay on the cameras and their installation.
If you’re installing security cameras and you are protected by home and contents insurance, make sure you talk with your provider to establish whether you’re entitled to a lower premium. It’s also wise to research any possible upgrades you might choose to meet the requirements of your insurer – these could include modern door locking systems, or CCTV footage.
Enjoy The Benefits Of A Security System
Beyond achieving a lower insurance premium, security systems afford you a great range of benefits.
- Deterrence: Security cameras will effectively prevent intruders from entering your home
- Remote monitoring: Advanced technology enables you to monitor your cameras using your phone or device, keeping tabs on your home from afar.
- Peace of mind: Nothing beats the reassurance you’ll have that your home is protected by powerful security monitoring.
Keep your home secure with SPL Security Solutions
For a quality security camera installation in your Gold Coast home or business, get in touch with the team at SPL Security Solutions. We have years of experience providing outstanding locksmith and security solutions to our valued residential and commercial clients, and commit ourselves to the highest standards of workmanship, reliability and customer service. With our 24/7 emergency callout service, you can count on us for help when the unexpected happens. To chat with our team or to discover how our security cameras could benefit your home or commercial space, contact us today on (07) 55 888 111.