Your home is your sanctuary. It is where you sleep, unwind and enjoy down-time with your family and friends. However, you never know when there may be someone (or something) lurking nearby ready to impact your home – and life – in a negative way.
From nefarious individuals to fires, leaking pipes and natural disasters, there are several ways your home may be affected.
If you have a smart home, though, you have a few advantages over “traditional” homeowners:
You have the ability to activate “smart” alarms during certain times of the day
You can automatically adjust your thermostat – in real-time from your current location
You can easily lock or unlock doors from your smart device
The ability to turn off or on lights with motion detection sensors
While these benefits are great, there are even more. In fact, the benefits of a smart home surpass just convenience and safety. In fact, you may even be able to receive discounts on your home insurance just for installing this innovative technology.
Smart Home Technology and Your Insurance Company
In some cases, you will be made eligible to receive a significant savings by installing smart home technology. The insurance company makes money by collecting monthly premiums. Smart home technology reduces the claims on these policies, which means insurance companies get to keep more of their profits. As a result, if you are reducing the potential of future claims, the insurance company takes notice and may be willing to reduce what you pay to them.
It has been proven that smart home technology can help to reduce the need to file an insurance claim significantly. Even if an issue occurs, such as a burst pipe, if you have smart home technology, you will receive an alert of the problem immediately and be able to take action. Without this technology, the pipe may leak for eight hours – or more – leaving significant damage.
Insurance Rates and Smart Home Technology
Something to keep in mind is that homeowner’s insurance rates are negotiable. You don’t have to just accept what the company says. Take the initiative to provide you are being proactive in protecting your home and you may see falling costs.
A great way to begin the process of getting a lower rate is by letting your insurance company know about the safety improvements you have made. If your insurer still won’t offer a discount, then consider shopping around. There are plenty of companies out there that will be more than willing to reduce your rate if you are taking steps to reduce the possibility of a claim.
If you have been thinking about installing smart home technology, now is the time to act. There are more than a few benefits offered by this technology – including the possibility of having your homeowner’s insurance rates reduced. Set up an appointment with the professionals today to learn more about the benefits of smart home technology.