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Home ownership carries with it a number of responsibilities, not the least of which is the cost of maintaining sufficient homeowner insurance to cover any damages arising from storms, fires, or accidents that occur in or around the home. Fortunately, there are ways in which you can lower your house insurance cost, and provide your family additional peace of mind at the same time. From simple things like maintaining your fire extinguishers and smoke alarms, to trimming dead tree branches and keeping your gutters clean, there is a lot that can be done to reduce the risk of fire and water damage to your home. One area that many homeowners fail to consider when looking for ways to reduce their house insurance cost also happens to be an area in which maximum security can be obtained for a minimum cost – protecting your home from theft by installing a home security system.
That is not to say that a home security system in inexpensive. Many of them can run as high as thousands of dollars in cost. However, the price of the security system alone should not be considered the ultimate representation of the cost of your security. In fact, much of that cost may be offset by the discounts you can receive from your insurer. And while that discount of several hundred dollars a year will not immediately pay for your home security system investment, the accumulated reductions in your house insurance cost over many years will make the initial investment well worth the expense. Many insurance companies offer discounts of as much as 20% off the regular premium price to homeowners who install and maintain alarm systems that guard against home invasions, fires, and harmful emissions.
When you think about it, the advantages of having a home security system protecting your house and valuables extends far beyond the discount you can receive on your house insurance cost. While many people only look at the direct reduction in premium costs that they receive from their insurer for making the investment in a security system, there are other variables that should be considered. First and foremost is the cost of your deductible in the event that you were the victim of a break-in. If you have set a deductible of one or two thousand dollars – as many homeowners do to enable them to lower their overall house insurance cost and monthly premiums, that deductible amount represents immediate savings to you when you purchase a home security system. Home invasions are one of the most common reasons for an insurance claim, and having a security system all but eliminates such break-ins.
By dramatically reducing the chance of a break-in, you also dramatically reduce one of the most frequent sources of insurance claims. Those deductible savings have to be taken into consideration when you are determining the costs and benefits of installing a home security system. Likewise, the incalculable costs associated with losing irreplaceable items of personal and sentimental value can, for many homeowners, provide all the benefits necessary to justify the costs associated with the purchase of a home security system. The decrease in a homeowner's house insurance cost is a nice benefit, but the real value comes in the form of the extra peace of mind that such a system brings.