How do you protect your home from burglary? Tips from the financial expert.

How do you protect your home from burglary? Tips from the financial expert.

According to a report by www.presseportal.de, there was an increase in burglaries in 2022. Burglary attempts increase especially in the months from October to March, when there are fewer people on the streets and darkness falls earlier. Despite the increasing numbers, almost half of all burglary attempts failed in 2022, not least because of good burglary prevention.

As an economist, it is important to analyze the implications of these numbers. For example, an increase in burglaries can lead to increased demand for security technology and services. Companies in this sector could benefit from increased revenue opportunity. Household contents insurance companies could also adjust their premiums due to the increased risk of burglary.

It is also important to emphasize that installing robust security technology and practicing the right behavior can reduce the risk of burglary. House and apartment owners should therefore pay attention to high-quality doors and windows with a high resistance class. At the same time, insurance companies could adjust their insurance policies to encourage customers to invest in such security techniques.

In addition, in the event of a break-in, it is important that those affected provide precise documentation of the damage caused and stolen items in order to claim household contents insurance.

Overall, the increase in burglaries is expected to have an impact on the security market, the insurance industry and the behavior of home and apartment owners. It remains to be seen how companies and consumers will react to this development.