Why is a camera system an important asset to condo and multi-family buildings? Property management…
One of the main reasons people consider installing a security system is to prevent theft of valuable resources and damage to property. These points indicate that saving money is already an important contributor in deciding whether or not to install a security system. But what are other (not so obvious) ways to save you money?
Here is how.
Receive a Discount on Insurance Premiums
Many insurance companies provide a discount on insurance premiums if the property has a security system in place. In a way, they are providing an incentive for theft protection and the possibility of reducing the number of claims. This is a win-win situation for a property owner. Not only will you get an initial discount but if your claims decrease, you will also keep premiums from rising.
If you are unsure about the requirements needed to get a discount, talk to your insurance provider to find more information. Many require a certificate of installation to verify that a security system has been installed in your property. If this is the case, the company that installed your system can provide this for you. Currently, VinTech Systems provides certificates of installation for burglar alarms only. Our clients for which we have installed alarm systems and have a current monitoring service can request a certificate.
Resolve a Slip and Fall Claim
According to the National Safety Council, falls accounted for more than 8 million injuries in 2019. To put it into perspective, 8 million is a lot when the City of Chicago reported to have 2.7 million residents in that same year. Moreover, more than 39,000 of these incidents resulted in deaths. This is why the possibility of an incident like this happening in your property should be taken seriously.
A slip and fall claim cannot only cost you thousands of dollars but it can also mean serious legal problems. This is where a high definition security camera can be helpful. Footage from a camera can help you dispute a false slip and fall claim. It can clear you from liability and even save you from receiving a fine or sentence.
Reduce or Replace Security Personnel
A security system might seem like a high investment at the beginning. Especially when you are trying to decide which system(s) are best for your property. However, if you already have security personnel in your building, those two or three salaries a year will probably add to a much larger sum after a couple of years. Additionally, unlike security guards, a security system can monitor 24hr/7.
A Security Camera System is Always Recording
For example, a high-definition security camera system is always recording and automatically stores footage. In case of an incident, this footage can be used for evidence. Some camera systems might have a storage limit. Make sure to ask your security provider about this feature to help you decide which system is best for you. Currently, VinTech security cameras don’t have a time limit to store footage but the storage capacity will mainly depend on whether the camera is focused on a high or low traffic area. High traffic areas like main avenues usually have a shorter storage span. In contrast, low traffic areas can be set up to save up to a year of footage. Nonetheless, it’s important to download and save footage as soon as an incident happens to avoid losing important data.
A second example is access control. This system can help you restrict who has access to your property and at which times. For example, office employees can be set up to have access to the front entrance of the building from 6 a.m. to 6 p.m., cleaning personnel from 6 p.m. to 10 p.m., and overnight security guards from 11 p.m. – 6 a.m. As precise as you want it to be, access control allows you to control who accesses your property and in which specific times and areas. You will hold the “key” to your success in reducing incidents and losses in your property which in return will save you money. And although security systems cannot completely replace security personnel, they can effectively monitor activity and provide time stamped evidence.
Reduce Wear and Tear on Smart Devices and Cost of Energy Bills
The latest technology in security systems allows you to connect smart devices to remotely control lights, thermostats, and other appliances from an app. Turning off these appliances when not in use, can certainly reduce the cost of your electric bill. Furthermore, this capability can also extend the life of your devices. This means that more time will pass before you have to replace them.
The most important thing about having a security system in your property is to give you peace of mind but that doesn’t mean you won’t appreciate the additional perks. From saving time and resources to preventing losses, the right security system can save you money in more than one way. With these simple steps, you also make sure that you are getting the best return for your investment and help preserve valuable resources for future generations.