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.
- 80K lawsuits filed against insurance companies in 2020, doubling homeowners insurance premiums
- Florida homeowners will pay the price if lawmakers don’t agree on a fix for property insurance
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.