Living in the safest neighborhood in Waldron, AR does not mean that you are entirely safe from burglaries. That is why The Owens Agency LLC, recommends buying a home insurance policy. However, many residents today are installing a home security system as an additional form of protection. While this may be your idea, it can directly affect your home insurance policy. Read on to understand how a home security system can affect your home insurance policy.

Your premiums can either reduce or increase.

How a security system affects your policy heavily depends on many factors that can either lower or raise it. Some of these factors include the type of system, your insurance limits, your address, and many more. Different insurance companies will give different deals, and if your premium is reduced, it may not offset the cost you incurred installing the system.

Remember, you will also need to cover the system in your coverage. Therefore, before installing your security system, it is critical that you first calculate the value it is bringing on the table. 

 How can I reduce insurance costs with a home security system

Fortunately, there are ways you can reduce your insurance costs and still make your home safer:

• Boost your home’s safety: If you live in an area with frequent break-ins, a home security system could add value to your home and ultimately reduce your home insurance premiums.
• Enquire about discounts for security features: Some insurance companies offer discounts up to 20% for security features. If you invest in a home security system, you are likely to reduce your home insurance premiums.
• You lower the risk of claims: When you install a security system, the chances of filing a burglary claim are low. It is even a better deal if, most of all, your immediate neighbors have installed the same. 

 For more information, quotes, or new policy discussions, contact The Owens Agency LLC or visit our Waldron AR offices, and our agents will be happy to assist you.