In an effort to encourage people to stay safe, especially when a crippling economy has led to a bout of crime, many of the nation’s insurance companies are offering substantial discounts on homeowners’ insurance if they install a monitored security system. According to a study by Dr. Simon Hakim of Temple University, a single family home that is alarmed is more than 60 percent less likely to be burglarized than a similar home without an alarm.
Ten of the largest insurance companies offering homeowners coverage were surveyed recently and results indicate that companies offered premium discounts of up to 20 percent if a home had an alarm system, according to Dom D'Ascoli, president of the Electronic Security Association. The discounts can be used to defray the costs associated with monitoring and installation...Read More>>
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