Should you sign an alarm contract?

Posted: Jan 22, 2011 |Comments: 0 |

Let's face it.  We all either seriously need or simply just want a security alarm system.  Security alarms are no longer just for the elite rich folks of world.  Today, the cost of owning an alarm has come down significantly.  Competition amongst alarm companies has created great deals for consumers making it both rewarding and challenging when deciding on alarm system.  One of the biggest challenges consumers face is considering if they should sign a contract.

Some alarm companies offer a no-contract option while others insist that you sign a 1 year, 3 year, or 5 year contract.  The difference between not signing a contract and signing one is usually what the alarm company will charge you upfront for equipment and installation.  This amount varies as well depending on the alarm companies mark-up procedures.  It may seem like a no-brainer that you would want to choose a no-contract option, but once you run the numbers you might be surprised to find that the overall cost of your alarm system is less with a contract option.  However, it's not always so easy to predict the future therefore it is important to know the alarm companies procedures for handling situations like the sale of your home or if you become unable to pay your bill.

Alarm companies are for profit companies.  They need to make money in order to stay in business which means that a no-contract company might charge you more for a service call than a 3-year contract company while a 5 year contract company might offer premium, no service charges for the life of the contract.  While purchasing an alarm system has truly become accessible to everyone it is still a financial decision that needs to be made with a clear head.  With a little research and by asking a lot questions the task should be easy.

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