Save on Home Insurance Premiums with a Security System | Family Union Insurance

Home Insurance and Security Systems

Home insurance is an important aspect of homeownership, not only because it provides financial protection in the event of loss or damage to one's property, but also because having a policy in place is often required by mortgage lenders.

Save on Home Insurance Premiums

Many homeowners may be unaware that there are ways to save on their home insurance premiums by taking proactive measures to protect their property. One such measure is installing a security system, which can potentially provide discounts on home insurance policies.

Discounts for Security Systems

Insurance companies may offer discounts to policyholders who have specific safety devices installed in their homes, including security systems. These systems come in all shapes and sizes and can include video surveillance cameras, door and window sensors, and motion detectors. The goal is not only to deter potential burglars but also to alert homeowners of an intrusion. By offering discounts for these types of systems, insurers are incentivizing homeowners to take proactive measures to protect their properties, which can ultimately save them money.

Additional Safety Devices

In addition to security systems, insurance discounts may also be available for safety and anti-theft devices such as smoke detectors, fire alarms, and sprinkler systems. Homeowners who have these devices installed and monitored may also be eligible for insurance savings. It's worth noting that these discounts will vary by insurer, and it's important to speak with your insurance agent to understand the specific discounts available to you.

The Value of a Security System

While the financial benefits of a security system discount can be enticing, the true value of having a security system lies in the potential loss it could prevent. Burglaries and other property crimes can be devastating financially and emotionally, and the average loss from a single burglary is over $2,000. By investing in a security system, homeowners can have peace of mind knowing that they've taken proactive measures to protect their homes and potentially avoid the trauma and loss associated with a break-in.

Additional Benefits of Security Systems

Beyond protecting against property crime, security systems can also offer additional benefits such as fire and smoke protection. Monitored smoke detectors and fire alarms can help alert homeowners and emergency services to potential fires, allowing for faster response times and hopefully preventing further damage. Some security systems can also include water sensors that detect leaks or warn of malfunctioning HVAC systems, providing an added layer of protection against water damage.

Take Steps to Protect Your Property

It's important for homeowners to take steps to protect their properties, not only to potentially save money on insurance premiums but also to safeguard against potential losses. Investing in a security system or other safety devices is one way to do this and can provide peace of mind knowing that proactive measures have been taken to protect one's home. Speaking with an insurance agent is a great way to understand what discounts may be available for specific devices and to ensure that your home insurance policy is providing adequate coverage.

Contact Us for More Information

If you’re a current client or interested in saving some money on your home insurance policy, reach out to us for a security system referral or to see what discounts are available to you!

Why You Need Umbrella Insurance for Your Home, Car, and Boat

When it comes to insuring your home, car or boat, it's important to have primary insurance policies that provide liability coverage for each of these assets. While it may seem like your primary policy limits are enough to cover all claimed damages, they may not be sufficient for everyone. This is where umbrella insurance comes in.

What is Umbrella Insurance?

Umbrella liability insurance is designed to offer additional protection against claims made against you for bodily injury or property damage due to a car accident, boat incident, fall or other covered accidents, and personal liability claims like libel or slander that can lead to unexpected out-of-pocket expenses. If you are concerned about safeguarding your income and assets, it's time to consider purchasing umbrella insurance.

Why You Need Umbrella Insurance

The concept of umbrella insurance may seem confusing, but it's not as difficult to understand as it may appear. If you have assets that you want to protect, regardless of whether they are homes with swimming pools, rental properties that you own or boats that you use during the summer, it's important to consider purchasing umbrella insurance. While these items offer leisure and entertainment, they can also present significant property and liability concerns.

It's common to hear stories of accidents occurring when the homeowner isn't present or teenagers using a car or boat unsupervised. These types of accidents can lead to serious claims against you, leaving you with unexpected financial burdens. An umbrella insurance policy not only covers the excess liability claims without limit but also provides peace of mind. It's important to remember that no one knows when things go wrong, but it's better to have extra protection in place when things do go wrong.

Determining How Much Coverage You Need

The amount of umbrella coverage required depends on the value of your financial assets, which includes the value of your properties, equity, jewelry, art, antiques, cars, boats, other vehicles, savings, investment accounts, retirement accounts, and other valuables. It's essential to speak to your insurance agent, who can advise you on the amount of umbrella coverage that makes sense for you.

If you're still unsure if the cost of an umbrella policy is worth it, if your net worth is higher than $500,000, then umbrella insurance is a necessity. Also, keep in mind that umbrella insurance is generally very affordable. The cost of umbrella insurance depends on various factors unique to your situation. To save money on your premiums, it's advisable to bundle policies with the same insurance carrier.

Protect Your Assets with Umbrella Insurance

Purchasing an umbrella policy is a perfect way to safeguard your assets now to help avoid significant financial hardship later. At the end of the day, life is unpredictable, and accidents can happen to anyone. However, with the right insurance policies in place, including umbrella insurance, you can protect yourself financially. So, If you own a home, car, or boat, it's important to have umbrella insurance coverage that offers extra protection in case of accidents or liability. Contact Family Union Insurance today to learn more about umbrella insurance coverage.