Why Insurers Are Willing To Offer Customers Discounts With A Smart Home

Homeowner insurance is on the rise, along with housing prices throughout the United States. Insurance providers classify customers based on their location, home characteristics, credit score, and previous claims. Swimming pools, trampolines, and high-value items are also factored in to determine the actual monthly premium. With this being said, homeowners are always looking for ways to reduce their monthly rates.


Schlage Connect Smart Lock

Schlage Connect Smart Lock


Did you know that insurers offer discounts for safety devices installed on vehicles? Well they do and customers can potentially reduce their auto insurance premiums by 10 to 15 percent. This is a significant discount that can make it or break it for many people. Homeowner insurance providers are also willing to offer customers with a Smart Home a reasonable discount. Smart devices, such as surveillance cameras, door locks, thermostats, smoke detectors, and carbon monoxide alarms will make your home safer and prevent losses. For this very reason, insurers will classify customers who own these devices a lower insurance risk.

Smart Farm and Travelers are just two insurers that offer discounts for Smart Home and monitoring devices. If you are currently covered by one of these insurance companies and own several of these devices, you should contact your agent immediately. If you are yet to take the plunge and invest in these devices, you should consider doing so now, because with these discounts, the device will pay for itself.

There are some concerns about smart-connect devices, especially security breach. The best way to protect your most private information is to password-protect your wireless network, smartphone, and smart-connected devices.

To learn more about the Schlage Connect Smart Lock, click the following link.