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How Eufy Security Systems Can Lower Your Home Insurance Premiums

Why Do Security Systems Lower Insurance Premiums?

How Does the eufy ExpertSecure System Help Secure Insurance Discounts?

How to Obtain Insurance Discounts with eufy?

Why Choose eufy?

Additional Tips to Lower Insurance Premiums

Conclusion

In today’s world, home security systems do more than just protect your property and loved ones—they can also save you money. Installing a professional security system like the eufy ExpertSecure System can enhance your home’s safety while potentially qualifying you for discounts on your home insurance premiums. This article explores how security systems can reduce insurance costs and highlights how eufy’s advanced technology and professional monitoring services help you achieve these savings.

Why Do Security Systems Lower Insurance Premiums?

Insurance companies often offer discounts to homeowners with security systems because these systems significantly reduce the likelihood of theft, fire, and other costly incidents. According to the National Crime Prevention Council, homes with security systems are up to 300% less likely to be burglarized. By providing real-time monitoring, alarm triggers, and rapid response, security systems decrease the probability of insurance claims, incentivizing insurers to offer discounts to equipped households.

Moreover, security systems provide video evidence that can support insurance claims in the event of theft or damage. For instance, eufy’s 4K HD cameras capture clear footage of incidents, offering insurers reliable proof to validate claims. This not only streamlines the claims process but also further reduces the insurer’s risk.

How Does the eufy ExpertSecure System Help Secure Insurance Discounts?

The eufy ExpertSecure System, the world’s first 24/7 security system powered by local AI and live experts, partners with Rapid Response Monitoring to deliver comprehensive protection. Here’s how its key features can help you qualify for insurance discounts:

24/7 Professional Monitoring

  1. Through its partnership with Rapid Response Monitoring, eufy provides round-the-clock professional monitoring. When the system detects emergencies like intrusions, fires, or floods, the monitoring center verifies alerts and dispatches first responders. Many insurers require systems to be connected to a professional monitoring center to qualify for discounts, and eufy meets this standard seamlessly.

Multi-Hazard Protection

  1. The ExpertSecure System monitors not only intrusions but also fire, flood, and freeze risks. For example, the eufy Smoke Sensor E10 meets the UL 217 9th edition standard to minimize false alarms, while the Flood and Freeze Sensor E20 detects water and freezing risks promptly. This comprehensive coverage aligns with insurers’ preferences for robust security systems.

Smart Video Verification

  1. eufy’s local AI, combined with video verification, detects threats up to 40 feet away with precision, and high-risk alerts are verified by human experts. This smart verification reduces false alarms, ensuring only genuine threats trigger a response. Insurers often favor systems with video verification, as they minimize unnecessary claims.

Local Storage and Privacy Protection

  1. With up to 16TB of local storage, eufy prioritizes user privacy and eliminates cloud storage fees. Users retain full control over their data, ensuring security and privacy. This privacy-first approach meets insurers’ expectations for secure data handling.

Reliable Connectivity and Backup Power

  1. The eufy HomeBase Professional features dual 4G LTE connectivity and a 24-hour battery backup, ensuring uninterrupted video monitoring and alerts during power or network outages. This reliability is a key factor insurers consider when evaluating security systems.

How to Obtain Insurance Discounts with eufy?

To leverage your eufy security system for insurance discounts, follow these steps:

  1. Acquire Certificate

Acquire your certificate from the ‘Eufy Protection Plan’ in the Eufy App. The certificate will be forwarded to you via email. You can present this certificate to your insurer.
This is an example of what a certificate looks like:

  1. Contact Your Insurer

Call your insurance provider to inquire about discounts for homes with security systems and confirm their documentation requirements. Typically, insurers may request a monitoring certificate or proof of purchase.

  1. Download a Monitoring Certificate

If you’re subscribed to eufy’s paid professional monitoring service (available after a 30-day free trial), you can download a professional monitoring certificate via the eufy Account Center. This certificate details the enabled services (e.g., intrusion, fire, or flood monitoring) at your location and can be submitted to your insurer.

  1. Submit Documentation

Provide the monitoring certificate or other required documents, such as a purchase receipt or system specifications, to your insurer. Some insurers may require additional verification, such as confirmation of monitoring services from Rapid Response Monitoring.

Confirm the Discount

After submitting the documents, the insurer’s audit team typically responds within a few days, confirming your eligibility and the discount amount. Discounts generally range from 5% to 20%, depending on your system’s configuration and the insurer’s policies.

Why Choose eufy?

The eufy ExpertSecure System combines cutting-edge technology with user-friendly features, offering distinct advantages over other brands:

  • Plug-and-Play Setup: Pre-configured HomeBase Professional and compatible devices are ready to use out of the box, simplifying installation.

  • Seamless Migration: Existing eufy users can migrate HomeBase 2 or 3 devices to the Professional Base Station using the eufy APP.

  • eufyExpert GPT Support: Daily security reports and a 3D home model provide intuitive control over your security system.

  • Extended Warranty: Subscribers benefit from extended warranties, reducing long-term maintenance costs.

Additional Tips to Lower Insurance Premiums

Beyond installing an eufy security system, consider these strategies to further reduce your insurance costs:

  • Opt for Annual Payments: Paying your premium annually often costs less than monthly payments.

  • Accurately Assess Property Value: Avoid overestimating the value of your possessions to prevent inflated premiums.

  • Bundle Policies: Purchasing home and contents insurance together from one provider can yield additional savings.

  • Maintain a Clean Claims Record: Minimize unnecessary claims to avoid premium increases due to frequent filings.

Conclusion

The eufy ExpertSecure System offers robust protection through advanced AI, 24/7 professional monitoring, and multi-hazard detection, making your home safer while potentially lowering your insurance premiums. With its partnership with Rapid Response Monitoring, eufy ensures efficient emergency response and reliable monitoring, meeting insurers’ criteria for discounts. Invest in eufy today to safeguard your home and save on insurance costs!

Data Sources:

  • National Crime Prevention Council, data on reduced burglary risks with security systems.

  • eufy official website, ExpertSecure System, and Rapid Response Monitoring partnership details.

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