Home security techniques ‘can gain discounts’
Article Category: Debt Management Help and Advice
Installing home security solutions can gain discounts on insurance premiums, it has been suggested.
Graeme Trudgill, technical services manager at the British Insurance Brokers’ Association, asserts that the process could mean substantial savings for residents in high-risk areas.
But those looking to do so as a means of debt management could be wise to consult their insurer first to avoid paying out for the wrong locks and alarms.
“The key thing is to get your broker to tell you which systems you get the discount for - which are approved by which insurance company,” Mr Trudgill explains.
“Because they’re not all approved by any means,” he elaborates - adding that if an insurer insists that a certain type of lock is fitted as part of the existing terms of a policy, there is unlikely to be an associated discount.
Typical solutions which are approved include alarms and mortice locks, he concludes.
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