How To Save On Homeowners Insurance
An Arlo home security system could be the key to save on home insurance.
An Arlo home security system could be the key to save on home insurance.
When it comes to home security, errands, and everything in between, one thing is certain: Life is full of surprises. You may well think your house is earthquake-resistant, only to be hit with a flood. You diligently prepare for a flood, and a curtain might catch fire from your oil burner.
With the right home insurance in place, the unexpected doesn’t have to overwhelm your home (or your budget). But, as you know, insurance can be expensive.
So, before reaching out to an insurance company and asking for an insurance quote, you should know there are ways to reduce your premium. Spoiler: Being prepared can save you (a lot of) money.
According to Policygenius, there are 13 discounts you can take advantage of when getting new home insurance that can save you up to 30% off. You can also apply to save big with your current insurance. Many discounts range from military discounts to new home construction savings.
According to a Policygenius analysis of 2022 Quadrant data, homes with protective devices get a higher average discount on premiums. For example, you’ll save more with deadbolts (0.1% savings), smoke alarms (0.4% savings), and burglar alarms (3% savings) installed.
After assessing discounts, it’s always a good idea to explore different providers. Don’t forget to compare overall costs and compare which discounts they offer. If you’re in the military, you may be eligible for added discounts. There are also plenty of opportunities to save for standard homeowners. You can invest in home improvements and home security, or raise your deductible.
Let’s explore some of the main ways to lower your home insurance premiums.
97.7% of homeowners insurance losses are attributed to property damage. Insurance companies offer discounts to fortified homes. Be sure to fit your home with improvements like storm shutters, storm-proof roofing, and steel doors. Protecting your house against potential high risk disasters could also have a potential positive impact on your dwelling coverage.
Not sure where to start? Invest in a home security system with leak and temperature detection sensors like the Arlo Home Security System. Advanced leak detection can alert you in time to prevent damage and temperature detection will instantly alert you before your pipes freeze in cold weather.
According to the Insurance Information Institute, increasing your deductible could save you money. By raising from a $500 to a $1,000 deductible, for instance, you can save on the cost of the policy and monthly premiums. Just remember, you’ll need to pay out of pocket in the case of an actual emergency. So, make sure you have an emergency fund to cover the higher deductible.
HOA-maintained gated communities are typically safer, with a lower risk of burglaries because of increased surveillance. If your house is located in a gated community or you’re part of an HOA, you can apply for an additional discount.
According to Policygenius, if your home has safety devices like an alarm system, smoke detectors, smart locks, or a fully monitored security system, you could get a discount of up to 15% on your home insurance premiums. This could be the easiest and most budget-friendly way to save on home insurance. Basically, a protected house is less vulnerable to accidents. That’s why insurance companies are willing to give lower premiums for them.
Plus, systems like the Arlo Home Security System offer many advantages to homeowners. First, they help deter potential thieves and monitor different threats. Second, with a security camera system, you’ll have valuable security footage. If there’s an accident or emergency, having this footage can help when filing a claim with your insurance company. Subscription plans like Arlo Secure provide 30-day Cloud Storage for video recordings.
A home security system could prevent home invasions or burglaries, and alert you of floods and fires. A fast alert can give you the advantage of calling for help quickly, minimizing potential loss. Here are four ways a home security system can protect your house.
While theft incidents typically result in relatively small claims, they are also quite frequent. Installing outdoor security cameras can not only lead to savings on home insurance but also deter potential criminals. According to a North Carolina University study, signs of increased security are key for deterring burglars. These include outdoor cameras, security yard signs, and alarms.
When looking for security cameras, consider options such as the Arlo 2nd Gen Essential Security Camera. It’s available in eitherHD or 2K video capture, and features Color Night Vision, an Integrated Spotlight, and an Integrated Siren. Other choices like the Arlo Ultra 2 offer 4K video resolution, providing more detailed footage for identifying intruders, license plate numbers, and more.
In 2021, 24.8% of homeowners insurance losses were caused by fire and lighting incidents. Alarm systems like the Arlo Home Security System come with All-in-One Sensors. These are able to detect and monitor up to 8 different threats, including smoke alarms, water leaks, temperature changes, carbon monoxide alarms, and more. Such a complete system could be helpful in many different ways.
For example, you could mount sensors in your basement, alerting you in case of a massive water leak or an unexpected flood. Or mount them near a smoke detector where they can alert you when your alarm goes off, giving you time to call the fire department.
The Arlo Home Security System’s All-in-One Sensors also detect motion, tilt changes, and door or window openings. Install a sensor on garage doors, windows, and entryways for ultimate protection. In case you forget to close a door, you’ll receive an alert reminding you to properly secure it.
Smart locks are also excellent for this purpose. You can program them to automatically lock the doors when you leave. Plus, they work with passcodes or a mobile app, so you don’t have to worry about hiding a spare key.
Professional monitoring is an excellent service for your home security. Options like Arlo Secure include 24/7 Professional Monitoring and Emergency Response. Your security system will be monitored by Live Security Experts. In the case of an emergency, they will attempt to call you first. If you don’t answer the phone, they will promptly dispatch the authorities to your location.
Professional monitoring provides protection even when you’re not around. That’s why insurance companies offer special discounts to homeowners with this service. To apply for this home insurance discount, you will need a monitoring certificate. As an Arlo Secure client, you can easily get this certificate through your Arlo app.
With Arlo security cameras, video doorbells, and home security systems, you’ll not only save on home insurance, but also feel safer. You’ll know you’re not just prepared for accidents, but actually preventing them. Ultimately, investing in your home security is an investment in your peace of mind.
