The Insurance and Tax Advantages of a Home Security System

A very important but often overlooked benefit of a security system is that it can give you substantial savings on your insurance premiums and tax liability. In fact, it’s not unusual for savings in these areas to largely offset the cost of installation and monitoring.

Reduce Your Insurance Premiums

Insurance companies know that monitored security systems help prevent losses. In fact, a home with a security system is far less likely to be burglarized than a home without a system. So most insurance carriers offer discounts on insurance premiums when you install or upgrade a security system. Depending on the type of system installed, this can mean savings of 5% to 20% or even more on your premiums. (more…)