With the rising cost of homeowners' insurance, it is important to try to find ways to help reduce premiums. One of those ways could be through the use of technology. The advancement of technology has resulted in the creation of "Smart Homes" to handle various functions throughout a residence. These functions can provide another layer of of automated protections that could lower claims, and thus lower rates.
Some of the types of specific technology insurance companies like to see installed include...
Wireless Home Security And Control - to control lights, temperature and security cameras.
Leak Detection Systems - to detect leaks from water heaters, water intrusion from floods, furnace failures, gas leaks, etc.
Security Video Systems - for overall home protection.
Smart Plugs Or Outlets - to remotely turn off appliances, such as stoves.
Home Weather Warning Systems - for detection of high winds or severe weather.
Sprinklers Systems - which are now being used in homes.
Because these smart devices have helped minimize damage or lower the number of claims policyholders file, many insurance companies reward homeowners by reducing premiums or even subsidize the cost of these devices or pay to install them.
The professionals at J.P. Perry Insurance fully support customers using smart technology for their homes. However, this technology can add additional value to your home and you need to make sure your policy covers these assets. In most cases, the homeowners' policy will cover technology, but every policy has its limits.
To know if your smart technology is covered, have your J.P. Perry agent check the value of your policy against your technology purchase. As long as you are under your limit, you will be fine. But you may need to consider purchasing an add-on or rider to your policy.