Will a Monitored Fire Alarm Lower my Home Insurance Payments?

Protecting your home is an essential job in and of itself, but did you know that certain safety equipment provides considerable discounts on your insurance payments? We believe that many Canadian homeowners are unaware that installing a fire alarm can likely reduce their home insurance payments. Here is how you can find out if it applies to your situation.

Do Your Research

If you haven’t already started, the first step is to do your research. The discount you receive on your home insurance payments varies. Approval for a discount on your home insurance payments will largely depend on the quality of the protection you have in place, as well as the policy you have.

Understand Your Specific Insurance Policy

Almost all insurance companies will have a detailed list of home security products that can provide further monthly home discounts. It is important to reach out to your home insurance provider to get a clear answer on your eligibility.

Consider Bulking-Up Your Security as a Whole

Canadians can expect a range of around 2% to 20% discount on their premiums by installing home security systems. The average is about 15%. However, this will depend on your insurer. Plus, you can get a larger discount if you have additional home security equipment.

Installing video surveillance and motion detectors, for instance, can push your home premium discount into the double-digit range.

Invest in the Long-Term

When your research is finished, it is time to reach out to a professional home security company. Look for an experienced team with the skills to ensure your home is protected. Roger Security is a Burlington-based security system installer that would be more than happy to assist you with improving the long-term safety of your home.

Roger’s Security Systems is an authorized Honeywell dealer and has been providing both residential and commercial security services and video surveillance equipment for over 20 years to homes and businesses in Ontario.

If you have any questions about this article or would like to talk to us about your security needs, please call us on our toll-free number, (800) 823-8635 or email us at info@rogers-security.com.