The answer is YES, a home security system can help lower the premium on your homeowner's policy. That is very important to most people. When you think of home security, don't think of it as just a way to lower the premium, but think of it as a way to better protect your family and your investment in the home itself.
The area known as the Eastern Shore here in southern Alabama ranks as the #1 fastest growing area in the state! It goes without saying that this is prime territory for new homeowners, home builders and contractors alike. If one of those three categories describes you, then it’s very likely that you can find some useful information in this post.
Low monthly or annual payments sound good. The only problem with that is depending on the amount of your deductible, all that money you thought you were “saving” by raising the deductible, could be gone the moment you have to pay out of pocket for a claim. Down in Spanish Fort, AL we have the threat of what’s called a hurricane! It’s not an issue of IF we will have another, IT’S WHEN! So that 10% deductible makes that premium amount look great, but if your home is worth $200,000, and your deductible is 10%, then you’ll have to pay $20,000 before insurance will ever kick in! Let that soak in before you start thinking about jacking up your deductible.
This is just a small list of tips that might be obvious to some, but to others, it may save them a lot of money in the long run. It doesn’t hurt to implement some extra protection. Luckily, here in Alabama we seldom have to deal with anything that is too catastrophic pertaining to cold weather. Stay warm and stay safe!