Pros and Cons of a Security System
The main and most essential reason to invest in a security system is to deter crime in your home. According to the Electronic Security Association's "Home Safety Fast Facts" report, 9 out of 10 burglars said that if they encountered an alarm or home security system, they would not attack the home. According to the Greenwich Study of Residential Security report, homes without a security system are 2.7 to 3.5 times more likely to be subject to a burglary. Thus, in addition to precautions like window locks and deadbolts on doors, a security system is a prime candidate for your home safety options.
Often the main deterrent for people thinking about getting a home security system is the cost, which usually includes a monthly bill and any initial installation products and fees. You may not think the cost is worth covering the potential risks-a decision that only you can make for yourself.
Pros and Cons of Alarm Monitoring
Not only can you invest in a security system itself, but alarm monitoring services are also crucial. Instead of just protecting your home, these types of systems can alert a company monitoring your home for you, send you messages regarding the status of your home, alert the police in the case of a break-in, and so forth. This can offer your home an even more complete security package, as someone will be safeguarding your home just as intently as you are.
Another important reason to invest in alarm monitoring is for smoke and fire detection, which often comes as part of the security package. Whether it's a cooking mishap or an electrical issue or spark from your central heating unit, fireplace, water heater, heating stove, and so on, it's important to have an alarm monitoring system that can report the fire quickly-possibly even before you can. Fires can be dangerous and cause a lot of damage, so it's important to prepare and protect your home in any way possible.
Akin to security systems, cost is often the main drawback for some when they look into getting an alarm monitoring system. Monthly fees and initial setup costs can add up, but the safety of your home may still make these costs worth it to you.
Cost and Savings of Security Systems
The cost of security systems can vary widely with different monthly fees and contracts. Depending on the way you look at the costs versus the savings, security systems may or may not make sense for your home.
A 2005 Asial study showed the average burglary will result in $1,725 in losses and, depending on the area, a home could have a 25 percent chance of being burglarized each year. This means that a homeowner has a 1 in 4 chance of losing around $1,725 a year from a burglary.
While monthly fees certainly can vary, a basic security system will cost you far less than what the average burglary will cost you. And, depending on your policy, your homeowners insurance may be reduced by up to 20 percent just because you have a security system installed in your home.
A security system may ultimately be less of an expense when you include all of the potential savings. As compared to the yearly $1,725 average loss of a burglary, you could potentially have years of home security before reaching how much you could lose from just one burglary without a security system.
If you're interested in learning more about security systems or security cameras and comparing features and prices, you can contact us to the right security system for you. You can also call 1300 893 874 to speak to a Home Security System specialist for more information and a better understanding of your options.