Why invest in solid security?
Who is Solid Security Inc.?
Solid Security Inc is a state of the art, insured and bonded home and business security company that specializes in the installation and monitoring of state of the art security equipment.
What sets Solid Security Inc. apart from the rest of the home monitoring companies?
Solid Security Inc. was the brain child of insurance agent Don Lykins of Olive Hill Kentucky. Looking for a product that could be sold with home insurance, much like selling an auto club membership on an auto insurance policy, he thought that a home security company would be a nice companion to sell with home insurance. After all insurance companies even give discounts to homeowners that have home security systems. At first the plan was to simply locate a home security company that sold through insurance agents. To his surprise, he learned that there were not any security companies with a program set up for insurance agents to sell.
Does Solid Security Inc. work well with insurance companies?
Nationally the average loss ratio for homes without home motoring is 67% while homes with a home monitoring system average a 28% loss ratio. (Retrieved from the National Insurance Institute) Since loss ratios drive company rates, contingency bonus and agent’s contracts, every agent needs to be concerned with their loss ratio. Until now while insurance companies have given discounts from 10% to 20% off of their homeowner’s rates for a homeowner having a home security system. The problem has always been that if a homeowner buys a home security system and then discontinues having the service, the insurance company never knows that the homeowner should no longer have the discount. Solid Security Inc. tells the client upfront in their contract that their insurance company will be notified should their service ever be discontinued.
Do Insurance Agents need to know anything about home security to represent Solid Security Inc.?
In many ways an insurance agent may be thought of as a financial doctor. If a person is sick they go to their physician to receive treatment. If their doctor talks to them about health related issues such as taking vitamin E, their physician’s opinion carries more influence than would someone they simply met on the street. If someone wrecks their car or has a loss at their home they turn to their insurance agent to restore their financial health. Much like their physician telling them they need to take vitamin E, the homeowner looks to their insurance agent to protect their home. If their insurance agent tells them they need a home security system, chances are they are going to buy one.
How good are the security systems installed by Solid Security Inc.?
Solid Security Inc. has contracts with several equipment manufacturers including the leading manufacturers in the security business.