“Smart Home Devices” Saves Homeowners in Several Ways

By: Diane Lott, Broker Paradise Found Realty, Inc

Smart home devices can reduce the risk of filing a claim, which is why home insurance companies often provide incentives, like discounts, if you install them. That is just one of the reasons smart homes are all the rage now. The state-of-the-art devices within them let us connect and communicate with various aspects of our houses using our smartphones. Also, most smart homes include advanced security systems that utilize cameras, motion sensors and a link to public safety which is the primary reason that discounts are given by insurers.

Smart home insurance discounts

Because smart home technology can keep your home more secure, many insurance companies incentivize homeowners to install it by providing “discounts” or credits. If your home has qualifying smart home technology, you could save on your home insurance premium. Some examples of smart home devices could include any of the following: a)Frontpoint security system, b)Theft protection devices and c) Fire protection devices. If you have a smart home device, contact your home insurance provider to see if you qualify for any possible discounts.

Smart home tech basics

Connected or smart home technology allows people to communicate and interact with their houses using computers, smartphones, or tablets through an internet connection. Additionally, smart home technology sends alerts and real-time data to users, which can minimize loss of life in an emergency and keep your home protected.

Typical actions enabled by smart home tech include:

Activating alarms-Smart smoke detectors/ water & flood sensors: The latest technology detects smoke, fire, and carbon monoxide, and can communicate to your smartphone. Also, leaks that go undetected by homeowners or renters can be costly and destructive. Purchasing sensors for areas where leaks may occur, like around dishwashers, washing machines or under sinks can alert the homeowner to an immediate problem.

Adjusting thermostats– Smart thermostats lower energy bills. They can be pre-programmed or controlled remotely. They also provide alerts on your phone if your home gets too hot or cold.

Controlling appliances

Locking and unlocking doors– You can get an alert if a window or door is opened. Smart locks allow homeowners to gain access quickly and easily. Entry can be made via smartphones, Bluetooth key fobs or metal keys.

Programming security systems

Turning lights on and off– Which gives the appearance of home occupancy by turning the lights on and off at preset times during the day, making you less of a target for a home burglary.”

Capturing surveillance video footage- Video doorbells allow you to see the person at your doorstep. They also have recording capabilities and can allow you to talk to whoever is at your door.