When it comes to protecting your home or business, security systems do more than just provide peace of mind – they can also save you money. Many insurance providers offer discounts to property owners who invest in security measures such as alarms, CCTV cameras and professional monitoring services. By reducing the risk of theft, vandalism and damage, these security upgrades make your property less of a liability to insurers, resulting in lower premiums. At Patlaw Securities, we understand the importance of both security and cost savings, and we’re here to help you get the best protection while maximising your insurance benefits.

Why insurance companies reward security investments

Insurance companies calculate premiums based on risk. Properties that are vulnerable to theft, fire or other damages are considered high-risk and attract higher insurance costs. However, when homeowners and business owners take proactive steps to improve security, they significantly reduce the chances of an incident occurring, making them eligible for insurance discounts. By installing high-quality security systems, you demonstrate to your insurer that your property is well-protected, reducing the likelihood of claims and lowering the cost of your insurance policy.

Security features that can reduce your insurance costs

Not all security systems qualify for insurance discounts, so it’s important to understand what insurers look for. Here are some of the key security features that can help lower your premiums:

Alarm system

A professionally installed alarm security system is one of the most effective deterrents against break-ins. Insurers typically prefer systems that are monitored 24/7 by a security company, as they provide an immediate response to potential threats. If an alarm is triggered, emergency services or security personnel can be dispatched quickly, reducing potential losses.

CCTV surveillance

Security cameras provide an additional layer of protection by recording any suspicious activity around your property. Many insurance providers offer discounts for properties equipped with CCTV systems, particularly those that offer remote access and high-definition recording. Businesses that monitor entry points, cash registers, and storage areas with CCTV can demonstrate their commitment to security, reducing their risk profile.

Access control systems

For businesses, restricting access to sensitive areas can prevent unauthorised entry and theft. Insurance companies recognise access control systems – such as key card entry, biometric scanners or smart locks – as effective tools in minimising security risks. Homes with smart locks or entry codes may also qualify for reduced premiums.

24/7 Professional monitoring services

Having a security system that is actively monitored by professionals can make a significant difference in your insurance costs. A monitored alarm or CCTV system ensures that any potential threats are addressed immediately, minimising the chance of loss or damage. Many insurers offer substantial discounts for properties with monitoring services, as they greatly reduce the likelihood of an undetected security breach.

Smoke and fire alarms

While burglary protection is crucial, fire detection is just as important for insurance savings. Fire alarms, particularly those connected to a monitoring service, can prevent extensive damage and demonstrate that your property is well-prepared for emergencies.

How Much Can You Save?

The amount you can save on insurance premiums varies depending on your provider and the security measures you implement. On average, homeowners can save anywhere from 5% to 20% on their insurance costs by installing approved security systems. Businesses with high-risk assets, such as retail stores or warehouses, may see even greater reductions in their premiums. To ensure you receive the maximum discount, consult with your insurance provider about the specific security requirements they look for. Some insurers may require professional installation or proof of monitoring services before applying a discount.

Protect Your property and save with Patlaw Securities

At Patlaw Securities, we specialise in providing tailored security solutions that not only protect your home or business but also help you save money on insurance. From advanced alarm systems and CCTV cameras to 24/7 monitoring services, we can help you choose the right security measures to lower your insurance premiums and enhance your safety. Don’t wait until it’s too late – invest in security today and start saving on your insurance costs. Contact Patlaw Securities to learn more about our security solutions and how they can benefit both your safety and your wallet. Phone (07) 4927 1698 for trouble-free security services in Central Queensland, including home security systems, security guards, alarm monitoring services, access control, money transportation, cash protection and CCTV.