One thing that many home and business owners neglect to check when establishing security measures for their homes and businesses is whether or not the standards being established will actually work to lower their insurance rates. Just as many companies reward safe drivers and drivers who own cars with GPS tracking enabled, they also reward home owners that take logical and practical steps to reduce the vulnerability of the homes to invasion as well as other security risks such as fire.
This is one question you should ask the security expert that assesses your home or business for security measures and upgrades as he should be able to give you a ‘heads up’ when it comes to this sort of information and which insurance companies prize these sorts of upgrades more heavily. The bottom line is that the experts keep up with this type of information in order to encourage hesitant buyers to make the purchase. In all fairness toe the experts; the fact remains that much of the costs involved in these security measures can be recovered through the discounts that are applied to the insurance costs.
One thing that may be worth mentioning is that in some cases, the savings translate into enough money to cover the monthly monitoring fees that the security services charge. When compared to the insurance savings, the peace of mind that is involved in providing these added security measures to your home or business is well worth any additional costs in most cases. This is particularly true if ever the time comes when these things pay off by protecting your family or employees as these security measures are designed to do.
Insurance companies are well aware that property is not only damaged due to theft but in many cases possessions are taken away from homeowners, never to be recovered. Some of these possessions are priceless in value, as dollar signs do not begin to touch their significance. However, by taking preventative measures to protect your belongings, most insurance companies will find you a more acceptable risk simply for taking the small step of hiring a monitored security company.
Other things you can do when it comes to the safety and security of your home or business include getting a new roof that is fire resistant, installing a fire extinguishing system, offering courses on fire safety (to employees), and installing fire barriers in larger companies that should work to protect some of the building even when all of the building cannot be protected.
Upgrading the electrical services in your home or business can also help you save money on your insurance as it reduces yet another fire risk. Fire is one of the greatest damaging forces that the average business will experience as far as structural risks goes and one that is in many cases preventable by taking certain measures. There is very little that can actually be done to protect a business or home from the ravages of flood or tornadoes so there is little hope available for lowering the price of your insurance premiums by seeking to defend against these types of damage.
In many cases, small steps can net big rewards when insurance companies sees the combined total of your efforts to protect your home or business not only from invasion but also the dangers that often arise from within. Protecting the structure of your home or office is only a small part of the security efforts that should be implemented by taking the steps to do just that often make a big impression on big business and will result in savings for you down the road.
Remember always that prevention is the best cure and insurance companies know this as well as you know it. For this reason, they are willing, in many cases, to reward those who take this information to heart and act upon it. Check with your insurance company and see if your new security measures for your home and business will actually cost less in the long run than you may have originally thought.