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Smart-home devices could save you money on home insurance

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Smart-home technology isn't just about comfort and convenience. Devices like water leak sensors, smart smoke detectors and motion sensors could also get you a discount on your homeowners insurance policy.

Discounts may range from 1% to 13% per year, depending on the company, the devices you have and where you live.

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Some insurance companies even give their policyholders smart devices for free to help them protect their homes.

Beyond premium savings, smart-home technology can also offer peace of mind by helping to reduce your risk of water damage, fire or theft.