Home security for renters should come without the havoc and headaches of lengthy contracts. Some home security contracts can last up to five years and you may have to pay hefty early termination fees costing hundreds of dollars. If you choose a security provider requiring a contract, be sure to understand early termination fees, equipment and service costs. Most DIY home security systems that offer professional monitoring make moving easy without a contract including SimpliSafe, Lifeshield and Ring. Before locking into a contract, ask about month-to-month options to give you more flexibility if you plan on moving. Month-to-month options may seem more expensive upfront but could be cheaper than ending a contract early and paying more in the end.
Home Security for Renters FAQs
Do I need a security system if I live in an apartment?
Emergencies and danger can happen anytime, anywhere and apartments are no exception. Home security for renters is the extra protection you need to protect yourself and your valuables in high traffic areas. If you’re not ready for a fully-monitored system, consider installing more door security or sensors to alert you of any danger as a precaution and for your peace of mind.
Can I get a discount on my renter’s insurance if I install a home security system?
Some insurance providers offer insurance rate discounts to homeowners and renters with security systems. Check with your insurance provider for any potential savings.
Should my landlord be responsible for installing my security system?
Some apartment complexes have security systems pre-installed and if you would like to use it, you’ll be responsible for activation, monthly costs and any additional fees. Consult with your landlord about negotiating any fees, but bear in mind they are not required.
What is the best home security system for renters?
It all depends on your security needs. Start by looking for an affordable and easy-to-use security system. The best home security for renters should be easy to install without wiring or drilling. And if your rental property is not your ‘forever home,’ look for a system that doesn’t bind you to a contract just in case you decide to move sooner than your contract is up and your equipment isn’t as useful in your new space.