Cancelling your home security system contract is not a decision to be taken lightly. Protecting your home is of utmost importance to you, so you should make this decision carefully. Here are five factors you should consider before getting rid of your home security system.
1. Your home is vulnerable to a break-in when you don’t have home security.
One of the biggest drawbacks to canceling your security contract is that your home is then more vulnerable to a break-in. Without alarms in your home and outside monitoring from your security provider, you may have no way of knowing that someone broke into your home while you were away or is breaking into your home while you are asleep until it’s too late.
2. You may have to pay large fees for breaking your contract.
Like with many other service contracts, you may have to face a fee if you decide to cancel your home alarm service before it ends. This fee can be upwards of several hundred dollars, even as much as 80 to 90 percent of the total contract amount. This is because the security provider needs to recoup at least some of their investment in providing alarm monitoring and equipment for your home. If you can wait until your contract expires, you may avoid this fee, but you still run the risk of leaving your home vulnerable if you do.
3. You have to pay for another initial activation fee if you decide to reinstall home security later.
You already paid your initial activation fee for your current home security system, and though you may want to cancel your monthly monitoring subscription, you may change your mind later. This means having to spend additional money on another activation fee, plus buying new equipment again, which can cost an average of $250 to $1,000.
4. In the event of a break-in, you have stress and headaches to deal with.
A home alarm system may help prevent a break-in, stop an intruder during a break-in, or at least alert your monitoring company that your home is in danger so help can be on its way. Without home security, you must call the police yourself and go through all of the stress and headache of a break-in that a monitored security system may have been able to prevent or stop.
5. The cost of home security may be worth it for the protection you receive.
The average loss from a break-in is approximately $2,000, but it could be much more depending on what valuables are stolen. Reputable home security companies offer plans that may cost as little as $20 per month, which means benefiting from security for as little as the cost of a cup of coffee per day. For such a low expense, preventing a costly incident may be worth it.
In addition to helping prevent a burglary, a home security system may protect your home from fires or carbon monoxide poisoning, depending on the type of equipment and monitoring you have. Take these factors into consideration if you are thinking about cancelling your security system. You may find that ending this protection may not be worth the potential expense and headaches you may face without it.
Written by Carolyn Heneghan
Carolyn is a nutrition and environmental crusader who loves using and exploring technology almost as much as she enjoys writing about it. Learn more