Even homeowners insurance companies will offer a reduction to home owners in a gated community!
Gated communities mitigate risk and present homeowners with lower rates of theft, vandalism and crime. The presence of added security has the potential to deter any malicious activity and should be taken advantage of whenever possible. Those who do may become the recipient of added insurance benefits. Many home insurance policies are able to credit their holders within gated communities, as they are less likely to file a claim.
Those fortunate enough to belong to a gated community may reduce their monthly premium by as much as 20 percent.
“That definitely falls under loss mitigation,” says Sean Meehan, second vice president of property strategy and design for Travelers Insurance. “If you live in a gated community, it’s a lot less attractive to a thief than a place that doesn’t have that security.”