There is a lot that goes into a home security contract. But the main thing we want to focus on here is the length.
Length varies from contract to contract, and there is even month-to-month options that are technically “no contract.”
Your Average Security Contract
Typical security monitoring contracts last anywhere around 12 – 60 months, though the usual is 12 – 36 months. The longer the contract is, the lower your monthly rates should be. Your monthly rates include things like installation and equipment, so when it’s spread out over longer, your rates should be smaller per month.
Month-to-Month (AKA No Contract)
Some security monitoring companies offer a month-to-month option. You may pay for the service on a monthly basis as long as you need or want the monitoring. You may be able to cancel your service and reinstate it at any time easily and freely.
In this type of contract you will have already paid for the equipment, or you will pay for the equipment from your chosen security company upfront or in a few large payments. This is because without the reassurance of a longer contract, your security company needs your equipment paid for or paid off quickly in order to recoup losses.
The Value of A Contract: What Your Money Goes To
Obviously a security monitoring service is valuable in itself. They offer an added measure of home security you simply don’t have without them. But another reason you may want a contract is because they will subsidize the cost of equipment and installation. This way, your security company can recoup its time, cost of equipment, and professional expertise over time. Without the extended contract, homeowners would have to pay larger upfront costs for the same experience.
In a contract, your monthly bill covers the monthly security monitoring,general office overhead, a part of equipment and labor costs, and potential maintenance or troubleshooting costs. So you’re paying for a decent amount of help in smaller payments for a longer length of time.
It’s important to compare contracts and companies to each other in order to get the best deal for your budget and lifestyle. Get connected to your local security companies and free quotes today using the form below.
Frequently Asked Questions
Q: How does home security protect me against floods and fires?
A: Integrated carbon monoxide and smoke detectors is a must for every home. You may also install water sensors on pipes and other places you’re concerned about flooding. These sensors can send alerts to your phone and control panel and alarms will go off when these dangers are sensed. This will help you treat the problem more immediately–minimizing damages.
Q: Should I get wireless or wired security system?
A: There are pros and cons to both. Wired can be cut and shutdown by someone, wireless is harder to hack. Wired can have bulky wires while wireless looks seamless. Wired are a bigger install process, wireless is more easily moveable. The wireless signal on home security systems are much stronger than a cell signal but interference is possible.