Insurance Discount

March 14, 2013

Many homeowner insurance policies offer a discount on their policies if a homeowner purchases a monitored security system. However, an insurance company usually requires a system to be installed by professionals, in order to make a homeowner eligible for the discount. In most cases, an insurance company will offer discounts of 15 – 20%. To receive a discount, it’s also necessary for a homeowner to obtain a security alarm certificate, which is usually provided by their security monitoring company. If your insurance premium is $1200 per year, you could save up to $240 per year on your insurance (with a 20% discount). For this particular example, this would mean that you’re saving $20 per month on your insurance. If you have a monitored security system that costs $50, this means that with your insurance savings, you’re essentially only paying $30 per month.