What Is the Chubb Homeowner's Insurance Discount Given for Owning an Alarm System?

The Chubb Homeowner's Insurance discount given for owning an alarm system is impossible to determine by Alarm Grid. Chubb offers discounts at their own discretion. These discounts are dependent upon many different factors. Some homeowners may not quality for a premium discount from Chubb.

A discount in one's homeowner's insurance premium is a major incentive for many people to get alarm monitoring service. Often, the insurance discount will actually outweigh the cost of the monitoring plan, and the user will save money in the long run. Not only that, but having a home security system can provide peace of mind and help keep their family safe. As a result, insurance discount inquiries represent some of our most common questions.

As a prerequisite before getting an insurance discount, an end user must present a Certificate of Alarm (CoA) to Chubb. The CoA will list the current coverages provided from Alarm Grid. This can include things like burglary protection, fire protection, CO protection and flood protection. Any listed coverage will need to be verified by Alarm Grid before it can be included. This requires testing signals. Alarm Grid will not make any exceptions when it comes to the policy of testing signals to include coverage on a CoA.

Based on the CoA presented to Chubb, the company may, or may not, elect to provide discounts to one's insurance premium. Alarm Grid is not affiliated with Chubb, and we cannot guarantee any discount. However, we can give a few tips that may help you get the largest discount possible. First and foremost, you should check with Chubb directly to see which discounts can be applied in your area. Homeowners in certain areas will be eligible for larger discounts than homeowners in other areas. Keep in mind that Chubb may not present any discounts for homeowners in certain areas.

The typical insurance discount for owning an alarm system is somewhere between 5% and 20%. Homeowners who receive discount on the larger end of this spectrum tend to have a greater amount of coverage than others. This means having an alarm system that provides multiple types of coverages, including burglary, fire, CO, flood and more. The greater coverage you have, the better. After all, an insurance company probably won't reduce a discount because you have additional protection methods in your home!

You should also make sure that your security system is connected with a central monitoring station for automatic emergency dispatch. Homeowners who only have a self-monitoring plan with no central station connectivity may not be eligible for an insurance discount. It is also important that your security system uses a cellular communication path for added reliability. This will require a Gold Plan or higher from Alarm Grid.