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How do alarms affect insurance?

February 21, 2022

If you’re thinking about getting an alarm on your home here’s what you need to know about the discounts. 

First, there are two types of alarm systems – Fire and Burglar – and each one has its own standalone discount.

Second you have two classifications of alarms – you have locally monitored alarm system – which is when alarm system notifies you of an issue, maybe through a mobile device, for example. And then you have centrally monitored alarms – which is when your alarm triggers a notification to a call center. 

Quick side note here, the fire alarms we’re speaking of are not smoke detectors, but rather, heat sensors that notify either you or the fire department of a potential fire issue.

Insurance companies typically give the best discounts for Centrally Monitored Fire and Burglar alarms with the fire alarm making up the lion’s share of the discount.  Some, but not all insurance companies, will offer discounts for the locally monitored alarms.

To qualify for the alarm discount, the insurance company will require an alarm certificate from your alarm company which can often times be printed off the alarm company’s website.  And lastly, the discount isn’t really that great and on the high end can cover the cost of about one month’s monitoring.

Want to see what insurance rate look like in your area?  Get a quote online at shopitnnow.chrinco.com or give me a call at 321-586-3754.  Chrinco.com – Insurance simplified.

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