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Updated over 9 years ago on . Most recent reply

User Stats

86
Posts
14
Votes
Damian Baynes
  • Investor
  • Brooklyn, NY
14
Votes |
86
Posts

Security System discount

Damian Baynes
  • Investor
  • Brooklyn, NY
Posted

Hi Everyone,

So i recently installed a security system at my two properties and when I asked about a discount I was told that they don't offer a discount for systems installed in rental properties. Have any of you had this same experience or is it time to look for a new insurance company?

Most Popular Reply

User Stats

21
Posts
17
Votes
Daniel Preston
  • Insurance Agent
  • Richmond, RI
17
Votes |
21
Posts
Daniel Preston
  • Insurance Agent
  • Richmond, RI
Replied

Licensed p/c agent.

As Ryan stated above, it's minuscule.  Typical credit is 2% of the total policy premium.  Some companies offer credit on dwelling fire / rental policies, others don't.  I assume the premium isn't more than $1,000, so no...  I wouldn't suggest jumping insurance companies for the $20, unless of course you're high on the overall premium.

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