You may save up to 20% off your homeowners insurance. A monitored security system from Security One Services is a great way to keep you, your family, and your personal belongings safe. But did you know it’s also a key way to saving money on your home or business insurance premium. According to Federal Bureau of Investigation statistic that a burglary takes place every 14.6 seconds in the U.S. The insurance company also notes the average loss per claim is $3,921. To encourage the installation of alarm systems, most insurance companies give you a deduction on your homeowners insurance for installing and maintaining an alarm system with some form of central monitoring. These deductions can be for as much as 20 percent but are often for less.
Cost vs. Deduction
Security One Services Saves you money on Home Security Systems and Monitoring
Homeowners insurance, according to a Federal Reserve Board estimate, costs between $700 to $1,800 annually. Assuming an average cost of $1,450 a 20 percent discount on your homeowners insurance for a monitored alarm system saves you $250 each year or roughly $21 per month. Monitoring costs average about $25 a month. So the real cost of protecting your home in this example is $4 per month. Hows that for a savings?