Buying within security estates can give buyers the freedom to choose not to live behind bars.

Guarded by an external wall and regular security patrols, homeowners often don’t see the need to install extra security measures like burglar bars and alarm systems on homes within gated communities. But are these security estates secure enough for your insurance provider?

According to Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa, buyers should not assume that their insurance premium will automatically be lower simply because they have moved to a security estate.

“It is always best to enquire with your insurance provider to find out how the move to your chosen security estate will affect your household and car insurance premiums.

“These premiums are calculated based on your risk profile, so your insurance provider will need to consider your chosen security estate safe enough to lower your risk profile and subsequently decrease your monthly instalments,” says Goslett.

So, while you might not feel the need to install additional security features to your home, your insurance provider might feel differently.

“Particularly if your security estate happens to be located in a high crime area, you might need to equip your property with its own security features, such as burglar bars, alarm systems, safety gates, and security cameras, in order to lower your premiums,” Goslett explains.

Homeowners should consider installing features to protect their home against damages such as fire, by installing smoke alarms, for example.

This might seem like an insignificant addition, but insurers place value on all features that minimise risk.

“Especially considering our current economy that has everybody looking for creative ways to lower their expenses, homeowners should do whatever they can to lower their insurance premiums.

Not only will this spare them some cash each month, but these updates will also add value to their property, which translates into higher profits for the day when they eventually decide to sell.”


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