Installing automatic boom gates can absolutely get you insurance discounts for your property. They’re considered a reliable security measure that reduces the risk of theft and vandalism. High quality boom gates that protect your property signal to insurance companies that you’re a safe bet for their services – this can help you get better fees and premiums.
In this blog, we’ll run over the benefits of boom gates that insurance companies find appealing. This will help you decide if installing boom gates will save you and your property money long term.
Can Boom Gates Lessen Insurance Fees?
How do Insurance Companies Decide Premium Costs?
Insurance companies determine property premiums primarily by assessing the risk of a claim and the potential cost of that claim. They’ll look at a range of factors and statistical data like crime rates, weather events, and more in your area. Their goal is to set a price that adequately covers potential payouts, operational costs, and provides a reasonable profit.
The presence of security features like monitored alarms, deadlocks, and window locks can indicate a lower risk of theft and may help reduce premiums. High quality boom gates systems like those offered by BAGS are a great indicator that the property is secure.
Will Boom Gate Installation Impact Insurance Costs?
Insurance companies calculate premiums based on risk, and properties with robust security are viewed more favourably because they’re less likely to result in claims.
Boom gates contribute to a lower-risk profile in several ways:
Security & Crime Reduction
- Deters criminals: A physical barrier makes it harder for thieves and vandals to access your property, reducing incidents like car theft, break-ins, and property damage.
- Controls access: Ensures only authorised vehicles and personnel enter, protecting assets and sensitive areas.
- Reduces theft and vandalism claims: Fewer crimes mean fewer insurance claims, directly impacting your premiums positively.
Safety & Accident Prevention
- Manages traffic flow: Car access gates regulate vehicle movement, preventing congestion and collisions in car parks or driveways.
- Reduces liability: Fewer accidents mean fewer bodily injury claims and property damage claims, which are expensive for insurers.
- Protects people: Boom gates create a safer environment for employees, residents, and visitors, reducing risks of serious injuries or fatalities.
How Can You Secure an Insurance Discount With Boom Gates?
Check with your insurance provider directly before installation to understand their specific policies. Not all insurers offer the same incentives.
Discounts may be higher if the boom gate is part of a comprehensive security system, including features like:
- Intercom or video systems
- CCTV surveillance cameras
- Key fob or swipe card access
Your insurer may require certification or proof of the system’s installation and proper function to qualify for a discount. Ensure the gate is installed correctly with appropriate safety devices and meets all local regulations to avoid potential liability issues, which could otherwise void a claim.
Cost Savings With Boom Gates
Boom gates act as a proactive risk management tool. Insurance companies reward proactive risk reduction with lower premiums.
Cost wise, you may also benefit from replacing security guards. An automated system can often replace the ongoing cost of human security personnel, providing 24/7 security at a lower long-term cost.
Peace of mind for yourself, car park/driveway users, and staff leads to better outcomes across the board. Less worry about incidents translates to a better overall environment and reduces business disruptions.
Contact Us
For the best barrier gates, from a gate company with vast experience in Brisbane, come to us at Brisbane Automatic Gate Systems. Give us a call today to learn more about our gate options, as well as our installation and maintenance services, to keep your property secure and insurance premiums lower.