Burglar Alarm
Updated: 13 November 2024
What Does Burglar Alarm Mean?
A burglar alarm is a device designed to emit a loud sound when it detects forced entry. In the context of insurance, an insurance company may inspect a property’s burglar alarm before issuing a policy, or it may require the property owner to install one as a condition of the policy.
Insuranceopedia Explains Burglar Alarm
A key aspect of risk management is having a strong security system, and a crucial component of that system is a reliable burglar alarm. This device is designed to deter intruders and may also be required for insuring a property.
Insurance companies often evaluate the security system of a potential policyholder. If the system meets the company’s standards, there is a possibility that the insurer may reduce the premium costs.
