Smart home technology is a powerful tool, offering ease and convenience. It allows you to see the Amazon packages delivered to your front door while at work or turn off the garage lights at a specific time. But you may not know that this technology offers more than just the luxury of automatically adjusting the air conditioner in an empty house with a tap on your smartphone. It gives immediate peace of mind and an extra layer of security. When adopting smart home technology, family safety is the biggest motivator for 63 percent of consumers.
By installing smart home technology, you can quickly respond to the unexpected and prevent further damage to your property. And quite possibly, reduce your insurance costs.
Smart Security System
Traditional security systems alert authorities to a break-in. Smart home technology always lets you keep an eye on your property from afar. If you are building a new house or planning a major renovation to your current living space, a contractor can install and integrate the complete system. You also have the option to start small and incorporate the technologies as you see fit. But do not be surprised if you get hooked. After all, it is an investment in safety and security for your family.
Smart Door Locks
A smart lock offers automation, convenience, and security by allowing you to unlock and monitor your front door from anywhere. Additionally, it grants access to family members, friends, neighbors, in-home delivery, contractors, or housekeepers with a personal code. That way, you can track all activity that is entering and exiting your home.
Smart Security Camera
A smart home security camera monitors your house’s interior and exterior in real-time. Some security cameras will send an alert when sensors detect motion and allow you to speak to visitors at the front door. So, whether at work, shopping for groceries, or enjoying that long-awaited vacation, you will have peace of mind knowing you can be “virtually” present when someone is on your property.
Smart Water Damage Prevention
Property damage triggered by nonweather events, such as burst pipes, cracked hoses, overflowing bathtubs, malfunctioning dishwashers, or leaky water heaters, is the primary cause of loss in a home. A smart leak detector uses sensors to detect and alert you to flooding, moisture, and mold. For instance, you can set up alerts for unusual moisture changes and stop leaks before catastrophic damage happens. Some devices will even shut off the water immediately.
Smart Fire Detection
Traditional smoke detectors save lives and work well when you are home to hear the alarm. A smart smoke detector works similarly to a traditional one, with one big difference. It immediately alerts you when the alarm is triggered, even if you are away from home. A device that notifies you of possible smoke and flames may help minimize the amount of property damage to your home and possessions.
Insurance Incentives and Discounts
Insurance carriers have long offered discounts to homeowners who use tools and services that keep their houses safer and more secure. For example, some may pay for installation or subsidize the cost of specific smart home technology to tech-savvy folks who use qualifying security systems that discourage or prevent break-ins. Thermostats, smoke detectors, carbon monoxide detectors, motion detectors, moisture sensors, humidity sensors, and security systems are among the most common devices insurance carriers want policyholders to purchase.
Other insurance carriers reward homeowners by reducing their premiums. From this perspective, smart home technology lowers the risk profile by proactively detecting issues. For example, devices that warn of impending danger or destruction often prevent or minimize damage. Therefore, the homeowner files a lower number of claims.
Besides mitigating risks, smart home technology can help insurance carriers seamlessly assess the damage and settle claims faster. The result is more comprehensive coverage and greater peace of mind.
Home Smart Home
Are you considering adding smart home technology to your house? Do you already have the technology? If so, does it qualify for a discount on homeowner’s insurance? If you are going from “home sweet home” to “home smart home,” contact DRS Insurance Group to learn how to keep your house and wallet in good condition with smart home technology.
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DRS Insurance Group is an independent insurance agency located in Indialantic, Florida. Our team is here to help you with a quote, analyze your current coverage, and answer any questions you have.