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Reply to Insurance Discount for Gated Communities?     
Old 03-01-2012, 04:47 PM   #1
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Insurance Discount for Gated Communities? Insurance Discount for Gated Communities?
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!
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Old 03-01-2012, 06:13 PM   #2
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
an agent isnt going to know the loss ratio in a gated community....

Range of discount will vary by company and by type of alarm....

Alarm system can be good????
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Old 03-02-2012, 11:01 AM   #3
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
Originally Posted by IEG12 View Post
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.
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Old 03-02-2012, 03:23 PM   #4
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
well, you know, common sesne should tell you that, if an insurance company is offering a discount, its because it has less of a claim happening.....
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Old 03-09-2012, 06:03 PM   #5
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities? IEG12 is the thread starter for: Insurance Discount for Gated Communities?

Joshb, thanks for the help. I'm just trying to get a general idea how important this aspect is. Appreciate your comment!
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Old 03-09-2012, 06:13 PM   #6
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
apparetly, I wasnt helpful, putz
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Old 03-15-2012, 11:40 AM   #7
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
Some carriers have allowed for discounts it is between 5-10% . Guard gated seems to have the higher discount. Yes there is a marked drop in property claims in gated communites as long as they activly manage changing gate codes. A round 15% were in gated community mostly upscale, that has slowed due to assoication needing to maintain gates. However some area were built with the intention of going gated at a later date and they are starting to do that it is a cheap alturnative, to raising property values. In our case that 5-10 % is off setting 30-40 % rate increase.
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Old 03-23-2012, 05:35 PM   #8
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
In Florida the companies typically offer between 10-15% discount depending on the level of security.

Usually the options are None, Single Entry / Passkey Gate, or Guarded Gate. With 15% going to the guarded gate.
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Old 03-24-2012, 07:57 PM   #9
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Insurance Discount for Gated Communities? Re: Insurance Discount for Gated Communities?
Not a discount in my current state. The last two gated communities I had were 6,000 acres of nightmare (fires, hail, and trees, oh my!) and the other was 500 acres of murder and drugs.
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