Should you buy a security system?

Security systems protect your home and personal property from unscrupulous thieves. With that said, it stands to reason that everyone should have a security system, right? Well, with some security systems costing hundreds, or even thousands of dollars to purchase and install, it’s reasonable that many of us are unsure about whether or not it’s a smart investment.

If you have never been burgled and consider your home to be in a safe neighbourhood, you probably don’t see much sense in purchasing a security system, but did you know that it can still save you money? Insurers will usually offer considerable discounts on contents insurance premiums for households with a monitored security system. This is not usually a flat rate discount, but rather a risk assessment consideration when measuring your premium.