Home Security Systems - An Insider’s Guide to Saving you Money

January 11, 2009 at 8:15 am · Filed under Security Monitoring

Tip! ) Do a home security checkup. Put on your black hat and walk through your home, inside and out, with the eye of criminal.

Security Systems Reduce Burglaries…

Homes without security systems are about 3 times more likely to be broken into than homes with security systems.

Source: Simon Hakim, Temple University, 215-204-7476

Monitoring your home security system has never been easier but there are several things you need to consider before committing yourself to a long term monitoring agreement with any alarm company

Alarm companies don’t make the majority of their profit from selling security systems, it comes from accumulating a large base of alarm-monitoring contracts. In fact these monitoring contracts are so profitable that they are frequently bought and sold like mortgage notes.

Tip! True or False: If there is any metal construction in a home, a wireless home security system won’t work.

bTip #1 Ask if they are an authorized alarm dealer or a represent a marketing company./b

Marketing companies have learned to flood a market with fantastic offers on security systems with the sole purpose of selling the contracts at a profit. They often use any sub-contractor available, which can lead to poor customer service once the marketing company leaves town.

Once you find a reputable alarm company ask them to come out to your home and give you a quote. You’ll find that most will quote you a basic security system at a reasonable price. These basic security systems generally include an control panel, keypad, motion detector, a couple of door contacts, inside siren, a yard sign and warning decals

bTip #2 Make sure the equipment can be monitored by any alarm company not by just the one selling it to you. /b

If they use proprietary security equipment you could be left in a bind should you become dissatisfied with their service for any reason. Ademco, DSC, Caddx are well known manufacturers and can be monitored by any one.

Tip! (a) True. Installing a home security system is a great way to save as much as 10% from your insurance company, and many offer even greater discounts when your home security system is monitored by a professional monitoring company.

Some companies offer low a low installation charge of $99.00 or will give you a FREE security system. Many do so if you put a security sign in your yard for advertising purposes and commit to a long-term alarm-monitoring contract.

Since the installation charge doesn’t cover the true cost of the equipment and labor, you are charged a substantial monthly fee to recoup their investment. These deals or equipment leases aren’t necessarily bad but make it hard to evaluate the true cost to you over time.

The best way to evaluate your contract is to ask the salesman to give you a quote to purchase the security system outright and show the home alarm-monitoring fee separately. Most of the time you are better off buying the alarm system because your monitoring fee will be much less.

For example. Say for $99 your monitoring fee is $35 per month for 3 years your total cost for monitoring your home alarm is $1359.00 Your fee will remain $35 per month or even increase.

On the other hand say you pay $599.00 installation and $20 dollars a month your total cost is $1319. Not only is your overall cost less but from year 3 on your will be saving $180 per year. This savings would be better spent on upgrading your alarm system to include fire monitoring and added perimeter protection

Tip! (c) 25% of American homes have a home security system; only one quarter of American homes are protected by a home security system, despite a recent survey showing the majority of homeowners believe that having a home security system is effective in deterring burglaries.

bTip #3 Don’t pay additional charges for medical or fire monitoring./b

It’s ok to pay for the equipment needed but some companies charge $2-$5 extra for these services. These options are easily programmed into the alarm system and don’t require any additional effort to monitor.

Is A Basic Security System For You?

The answer is probably not. Basic systems only cover your doors and are supplemented by the use of a motion detector. This detector is usually mounted in the main hallway to catch a burglar crossing the center of the home. If they come through a bedroom window and never pass by the motion detector, the alarm system will never sound. Imagine being home at the time this happens. Basic security systems are best used as a deterrent to a break in and to notify the authorities an alarm condition exist.

Tip! True or False: Most insurance companies offer discounts to homeowners who have a home security alarm.

Adding perimeter protection such as window contacts or glass break detectors should be high on the list of upgrades. These types of upgrades not only activate the alarm system instantly but also will give you piece of mind while you are home.

bProtect Your Financial Interest Not Just Your Home/b

Get all quotes in writing and make sure the quote is a binding quote. At a minimum the following should be included in your contract.

Length of contract and if / how it renews. Does it renew automatically? What type of notice do you have to give to terminate the monitoring agreement

Will your fee increase and is there a limit on the increase. If at all possible lock in your monitoring fee for the entire contract otherwise you could see an increase every year.Don’t be afraid to walk away on this point alone.

Do you own the equipment or is it a lease? A lease means lower initial installation cost but high monitoring fees.

bWarranty:/b

Most of the alarm equipment comes with it’s own warranty in addition to what is offered by your company. Specify the warranty for each item so that you aren’t charged if it fails. Also specify how long the warranty on labor is. Expect to pay some labor cost for replacing under warranty items

Tip! Including other monitoring systems along with your home security system can be very valuable for peace of mind too. Often companies can hook in a fire alarm system to the main alarm too, and if the fire alarm is triggered the appropriate fire station will be notified.

bService Calls/b

Alarm technicians are usually well trained to diagnose and fix problems with your security system. Be prepared to pay in the neighborhood of $55 per hour. The fee can seem high when compared to your original installation cost but is not out of line. Think about how much you pay for your car or computer to be worked on.

Tip! Make an initial survey of your house and from there, develop a home security plan.

bHow long is the response time to service your alarm system./b

48 hours is a reasonable time.

bDo they provide an installation certificate for your home owner’s insurance/b

Many insurance companies offer a discount for monitored home security systems.

bDon’t Wait Until You Have A Break-In To Get An Alarm System!b You can replace most things but you may never replace your sense of security in your own home.

The author has more than 15 years experience in the home security industry. Learn more by clicking here a target=_blank target=_new href=http://www.cornerstonesecurityservices.comHome Security

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