Originally Posted by IEG12
Hi, what is your experience with insurance discounts and gated communities? Specifically:
- Are home insurance losses less in a gated community?
- What is the range of discount (%) for gated communities and how common is the discount?
- Any other information about them?
I appreciate the help!
-Yes losses are less likely. Typically homeowners take more pride in their homes in gated communities (if they don't HOA is on their back). Also less Theft losses.
-In my area discounts range from 5-20% depending on the carrier, and if the community is single entry (no gate), Gated with a passcode box, and gated with a security guard.