3 ways having a smart home makes you a smart homeowner

Connected living could have benefits for your insurance

Is having a smart home a smart idea? The connected living trend is new enough that some of us aren’t exactly sure what a smart home is. But some homeowners are already enjoying the advantages of an internet-connected house. With the internet of things, homes are now being equipped with systems and gadgets that can be controlled via smart devices. That usually translates into more convenience or protection. But these technologies can have big benefits for insurance, too. Here’s how:

ENERGY SAVINGS

 

 

 

 

 

 

 

 

Some smart home technologies can help reduce energy costs. Smart thermostats let you adjust heating while connected lighting systems and outlets let you turn lights and appliances on and off — all from a distance. 

Lighting up the house to make burglars think you’re home or never worrying you left the oven on are just two of the perks.

ADDED SECURITY

 

 

 

 

 

 

 

 

Connected homes have smarter security, too — from doors you can lock with your phone to smart alarm systems that automatically trigger video recording when a motion detector goes off. 

That kind of added security could have a positive impact on your insurance, so make sure to mention any security system you may have when you’re getting an insurance quote. Aside from alarms, you can also up security with smart tech like anti-theft tags that attach to valuables, such as electronics, to better protect your belongings.

 

DAMAGE-PREVENTING SENSORS 

 

 

 

 

 

 

 

 

Certain smart home sensors can predict and even prevent damage from fires or flooding. 

Flood and leak sensors can alert you if there’s a problem with a water heater, burst pipe, toilet, washing machine and more. Some can even shut off the cause. 

Similarly, smart fire alarms can differentiate between fire and smoke, alerting you and sometimes even allowing you to shut down whatever’s causing the problem.

Having certain types of sensors in your home can lower your insurance premium, so it’s important to share that information with your insurance agent.

CONSIDERATIONS

Make sure to have these smart home technologies installed by professionals if needed. Some of these tools could malfunction if not properly set up, and cause more harm than good! 

Do you live in a smart home? If not, is it something you’d consider? Let us know in the comments below!