Self-Monitored vs. Company-Monitored Security Systems: The Pros and Cons

Installing a home security system is one of the best things you can do to protect your home and prevent break-ins. But when it comes time to make a decision, it’s hard to know what’s better: self-monitored or company-monitored security systems. The good news is, both are equipped to protect your home and your possessions, it’s simply a matter of weighing the pros and cons and determining which is a better fit for you.

Self-Monitored

With today’s level of technology and connectivity, self-monitored security systems are growing in popularity. These are systems that you monitor on your own. This can include silent alarms, motion sensors, sirens, security cameras, and door sensors that send a text or notification to your phone when they’re set off. If you receive a notification that worries you, you’re responsible for contacting the appropriate person, whether that be the police or your neighbour.

Pros:
– No monthly fees (you monitor it yourself)
– Often you can install and uninstall these systems yourself
– You decide what actions to take (avoids false alarms)
– Camera systems record video (helpful for police)

Cons:
– Most require Wifi and won’t work when the power’s out
– If you can’t look at your phone, you’ll miss the notification
– Camera systems only cover rooms that have a camera installed
– These systems don’t always include alarms to scare off intruders

Company-Monitored

Company-monitored alarm systems are installed and monitored by a professional home security company, 24/7. Like self-monitored systems, this can include cameras, motion detectors, door sensors, glass-break sensors, silent and not silent alarms. Some companies even offer panic buttons and fire alarms. Most systems are set up to alert the security company’s call centre when an alarm has been triggered. You are then contacted to make sure it wasn’t an accident and the appropriate authorities are alerted.

Pros:
– You don’t have to worry about monitoring the system
– It’s perfect for travellers or those who don’t always have access to a cellphone
– Usually set up to cover every room of the house (no “blind spots”)
– The alarm itself often scares away intruders
– Most run on phone lines or cellular radio so they’ll continue functioning in a power outage

Cons:
– Most involve contracts and monthly fees
– You have to answer the phone and explain false alarms
– You could be charged for a false alarm
– You have to remember to set the alarm system before you leave or go to bed

Overall, both systems provide you with peace of mind and security. And in some cases, can even qualify you for a discount on your home insurance. Don’t hesitate to reach out to us at Haas Insurance if you have any questions regarding your home insurance or home security systems.