Cut your insurance costs with smart home technology.

April 26, 2024
1 min read




Using Smart Tech at Home to Lower Insurance Costs

TLDR:

Using smart tech at home can help lower insurance costs by preventing costly events that result in insurance claims, such as leaks and break-ins. Insurance companies offer discounts for specific smart tech in the house, with some companies providing discounts of up to 20% for using certain devices.

Key Points:

  • Insurance costs are rising due to inflation, leading people to look for ways to reduce costs through savings programs and discounts offered by insurance companies.
  • Smart tech can prevent events such as leaks and break-ins, which are among the most common insurance claims, and can lead to discounts of 5-20% on insurance premiums.

Insurance companies are recognizing the benefits of smart tech in reducing claims and are offering discounts for using certain devices. These discounts can range from 5-20%, depending on the device and insurance company. Investing in smart tech for your home can not only provide peace of mind but also lower your insurance bills.

By leveraging smart tech devices like water leak monitors, security systems, and electrical monitors, homeowners can reduce the risk of damage to their property and ultimately save money on insurance premiums. Contact your current insurer to see if you qualify for any discounts, and explore options for switching to a company that offers discounts for using smart tech in your home.


Latest from Blog

Your Daily InsurTech Briefing – 2024-05-06

Let’s see what’s in the news today. FCA to explore big tech opportunities for insurance industry ‘Big tech’s growing emergence in financial services has already made life easier for consumers,’ says chief

Owl.co: Revolutionizing The Insurance Game

Summary of Owl.co: Taking The Insurance Industry By Storm TLDR: – Owl.co is an insurtech company revolutionizing the insurance industry with its innovative approach to claims management. – With the application of

Your Daily InsurTech Briefing – 2024-05-05

Let’s see what’s in the news today. PeppercornAI raises more than £3m to develop AI platform ‘Technology, specifically AI, has the potential to completely change the way consumers buy and manage their

HugHub’s top boss calls it a day.

TLDR: Key Points: HugHub chief executive, Jonathan Davey, announces retirement after 8 years with the company. Davey plans to explore new opportunities in the industry post-retirement and remains passionate about general insurance