Can Smart Home Devices Help Lower Your Insurance Bill? 

Your home insurance is an essential part of your overall financial security and fiscal stability. However, amid life’s many expenses, even modest premiums may be difficult to fit into your family’s budget. Insurance carriers must carefully assess your perceived risk levels when calculating your homeowners insurance quote. This process may include consideration of many criteria, including your home’s safety and security features. Smart devices may make a significant difference.

How Can I Use Smart Home Devices to Reduce My Rates?

In the digital era, many insurance carriers have started weighing various technological features of our homes. This can potentially increase your risk profile and subsequent costs, such as if you own expensive electronics. However, advanced technology can also help make you appear less risky to carriers. Consider the following smart devices:

• Smart security systems, such as those with monitoring services and motion detectors, may help limit risk related to burglaries, vandalism and other home invasions. This can reduce the likelihood of you having to file a claim for such incidents, as well as provide evidence in potential police investigations, and therefore positively impact your premiums.

• Smart smoke detectors can play an integral role in limiting your perceived home fire risk. This is because these devices are often programmed to immediately contact firefighters or other emergency services upon detection. This can significantly limit damage, especially if you weren’t home at the time of ignition.

• Smart water leak sensors can assist with various types of water damage that may impact your home, such as from burst pipes or leaks. They may even be able to shut off your water automatically to limit damage and resulting claim costs.

We’re Here to Help

At All American Hallmark Insurance LLC, we can help you explore available smart home devices and assess how they may impact your premiums. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.