Homeowners and small business owners that install closed-circuit television (CCTV) systems usually have security at the top of their minds. But did you consider the related CCTV system savings? You can save 5 to 20 percent on your insurance premiums, just for installing a CCTV. Here are some insights we have on CCTV systems savings.

Why do insurers offer discounts and CCTV system savings?

Just like any business, insurance companies are hoping to make a profit. Thus, they seek out clients who pose the lowest risk or threat. Studies have shown that properties monitored by video surveillance equipment are significantly less likely to be burglarized than those without. Robbers don’t like homes that present obstacles and headaches such as CCTV equipment. That means homeowners with CCTV systems file claims for losses less frequently. They pose less of a financial risk to the insurers. Because every single claim costs the insurance company money, both parties can benefit from CCTV system savings.

Will my CCTV system savings depend on the type of system I choose?

Insurers usually offer more generous discounts for more sophisticated security systems. For example, systems with voice-activated controls, 24-7 remote monitoring and interactive monitoring services may mean greater CCTV system savings. At Security Five, we offer solutions that allow our clients to invest in a more comprehensive system that will maximize safety and insurance-related discounts.

How much can I save?

There are many factors that affect how hefty your CCTV system savings will be. The type of equipment matters most. So does your geographical location, burglary rates in your area, the size of your home or business, and other agreements between you and your insurer. Companies typically offer 5 to 20 percent discounts on premiums for homeowners with CCTV systems. Depending on your policy, this can generate savings of $80 per month or more. These discounts can be enough to pay at least part of your monthly monitoring service fees. Check with your insurer to find out just how much you might be able to save by installing a CCTV system on your property.

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