Security Surveillance Systems - How They Can Save You Money

Security surveillance systems in a home or business can provide more than just peace of mind, they can also potentially save you hundreds of dollars in insurance costs each year. Not only do security surveillance systems using cameras act as a deterrent to would-be criminals, but they also lead to a higher likelihood of perpetrators being caught if they do target your home.

Why the Discount? 
Because security systems and camera surveillance tends to lower the risk of home intrusions, many insurance companies are willing to reward families and business owners for adding the additional level of safety. Information reported by the Insurance Information Institute, home burglaries accounted for 73 percent of all burglary offenses in 2009, according to the FBI.

Video surveillance also gives authorities information that can more easily lead to arrests and the recovery of stolen property in the event of a burglary, which also lowers the amount insurers must pay in the event of a claim.

How Much Can You Save? 
According to MSN Money, the right combination of security and camera safety equipment could end up saving you between 15 and 20 percent on homeowner's insurance.

So if, for example, a homeowner pays $1,000 annually to insure a home worth $200,000, the savings could amount to $200 per year. It doesn't take long for the insurance savings alone to make up for the cost of a quality security surveillance system.

The Burden and Benefit of Proof 
Cameras and security surveillance also provide some additional benefits when it comes to insuring a home or business. If your home or business is burglarized or damaged in a natural disaster, you'll typically be required by the insurance company to provide a detailed inventory of any damaged or stolen items. Video footage is a valuable way of determining the exact loss and proving the extent of the loss to the insurance company so you can be reimbursed for the loss more quickly and fully.

Think safety when you have someone on your property uninvited or either doing work for you who may report an accident you did not witness. You have the proof with the proper security surveillance system in place.

If you're thinking about adding or upgrading a security surveillance system, it's often best to check with your insurance company for recommendations on which systems or combinations of equipment will earn you the best discount. You may want to recommend a system you have researched or offer information to your insurance provider on hidden cameras surveillance if they have not studied your situation.