Insurance companies are offering discounts on home insurance policies for owners with Internet-connected devices. Seeing the perks of smart home tech helping to prevent leaks or burglaries.
Insurance companies nationwide are offering incentives to install one of numerous connected devices. The devices may include everything from moisture sensors, smart thermostats to video doorbells or home security monitoring systems.
Smart home devices in a home help create something like a “check-engine light for the home,” says Jon-Michael Kowall, assistant vice president of innovation at USAA. For example, the connected devices may help insurers warn home owners, based off data from their installed moisture sensors, that a pipe may fail soon.
Source: “Why Insurance Companies Want to Subsidize Your Smart Home,” MIT Technology Review (Oct. 12, 2016)