“A survey of the 10 largest insurance companies offering homeowners coverage found premium discounts up to 20 percent if a home is equipped with a monitored alarm system,” said Dom D’Ascoli, president of the Electronic Security Association in a recent PRNewswire press release. “The discounts can be substantial enough to pay a portion of the monitoring costs or installation of the system,” said D’Ascoli.
“The majority of insurance companies offer discounts for alarm systems,” said Michael Barry, spokesperson for the Insurance Information Institute. “Homeowners should check with their individual carrier to determine the amount and availability of the discounts.”
Furthermore, according to a study by Dr. Simon Hakim of Temple University, “An alarmed single family home is more than 60 percent less likely to be burgled than a similar home without an alarm.”
Considering that a home is broken into every 15 seconds and the average lost is around $2000, can you really afford to be without a home alarm system? We think not.