Smart home technology is changing how we interact with our living spaces, offering modern solutions to virtually every modern problem. Automated home security systems or smart cleaning devices are reshaping our daily routines. But the impact of smart technology goes beyond convenience. It’s also revolutionizing the insurance industry, offering homeowners new ways to protect their properties and reduce costs. It doesn’t matter if you’re tech-savvy or just beginning to explore these devices; understanding the connection between smart technology for your home could lead to smarter decisions and potential savings. In this article, we asked a few experts for their insights on how technology revolutionizes your home and how it impacts your insurance.

Home automation systems

Smart home technology connects various devices—thermostats, lighting systems, security cameras, and appliances—to the internet, allowing homeowners to control them remotely via smartphones or voice-activated assistants.

Smart home security is one of the most known parts of home technology. Smart locks, cameras, and alarm systems provide real-time monitoring and alerts, allowing homeowners to monitor their property anywhere. Innovative cleaning technology, like robot vacuums and automated mops, has made maintaining a clean home easier. 

Tips from the experts

What are the key features to look for in a home security camera system for optimal home protection?

“When selecting a home security camera system for optimal protection, consider the following key features:

  • High Resolution: Look for cameras with at least 1080p resolution to ensure clear and detailed video footage, making it easier to identify faces and other critical details.
  • Night Vision: Ensure the system has good night vision capabilities, typically with infrared LEDs, to monitor your property effectively in low light or complete darkness.
  • Wide-Angle Lens: Cameras with wide-angle lenses provide broader coverage, reducing the number of cameras needed to monitor large areas.
  • Motion Detection: Advanced motion detection can trigger alerts and start recording when movement is detected, helping to conserve storage and notify you of potential intruders.
  • Two-Way Audio: This feature allows you to communicate with anyone on your property, which can be useful for deterring intruders or talking to visitors.
  • Storage Options: Consider systems offering both cloud storage and local storage options, such as microSD cards or network video recorders (NVRs), for redundancy and data security.
  • Smart Home Integration: Compatibility with smart home devices and systems (like Amazon Alexa or Google Home) allows for seamless integration and control of your security system.
  • Weatherproofing: For outdoor cameras, ensure they are weatherproof with an IP rating (like IP65 or higher) to withstand various weather conditions.
  • Mobile App Access: A user-friendly mobile app allows you to monitor your camera feeds in real-time, receive alerts, and manage settings remotely.
  • Power Options: Check if the cameras offer flexible power options, such as battery-powered, wired, or solar-powered, to suit your installation preferences.

These features enhance the effectiveness of a home security camera system, providing clients with protection and peace of mind.”

Peter Semkowski from Auxe Inc.

What steps can homeowners take to secure their smart speakers against unauthorized access?

“The number one thing I always recommend is having layers of security when trying to keep items in your home secure. For a smart speaker, it is imperative to have multi-factor authentication (also called Two Factor Authentication / 2FA) enabled. When you enable 2FA you reduce the risk if your password is somehow compromised. This also prevents cyber criminals from using a brute force attack where they literally automate the process and guess millions of password combinations every second until they hit the actual password. Other common sense areas that are often overlooked are making sure you change the default username and password that comes with the device.   

Also, remember your secure devices are only as secure as you set up your home WiFi network, so don’t forget to create a long and strong password for both the smart speaker and your WiFi Network. Finally, you should not put off updating any security patches that may be available from time to time, as these will protect you from the latest vulnerabilities.”

Scott Schober, Pres/CEO of BVS, Cyber Expert, Host of Cybercrime Magazine, Author

How can mailboxes help protect against mail theft (and reduce insurance claims)?

“A secure or locking mailbox is a smart investment to protect your mail from theft and identity fraud. With strong locks, durable materials, and tamper-resistant features, these mailboxes make it difficult for thieves to access your sensitive information. Some even include anti-pry mechanisms and narrow slots, adding extra security.

Locking mailboxes safeguard important items like checks and financial statements, helping you avoid the stress and hassle of identity theft. By reducing the chances of mail theft, you might also decrease the likelihood of needing to file insurance claims, which can help maintain lower premiums.

Additionally, proper mailbox post installation according to USPS guidelines is crucial. The USPS recommends using a wooden 4″ x 4″ post or a 2″-diameter steel/aluminum pipe that will bend or give way if a vehicle hits it. This requirement could help prevent injuries and vehicle damage, reducing potential insurance claims. Avoid using unyielding materials like concrete posts, as they pose safety risks (USPS).

Investing in a secure mailbox and correctly installing it keeps your mail safe and contributes to a safer and more secure home environment.”

Jon Nabua from Budget Mailboxes

How can smart cleaning devices save time and effort in maintaining a clean home?

“My motto is “Clean smarter, not harder,” and this is where my love of smart gadgets comes into play. If technology is a tool to help with the drudges of everyday life, then cleaning is its flagship drudge.

Today, devices like Roombas can tirelessly zip around your home vacuuming (and in the newest models, mopping) your floor so you don’t have to. Cleaning the floors is usually the most time-consuming chore you have in your cleaning routine.  And if you can flip a switch and get that hour back, think about what you can do with it!

Gadgets like the Leebein Electric Spin Scrubber not only make it easier to clean showers and tubs but also make it safer for seniors and those with disabilities to clean.

Every day more cleaning gadgets are coming out to help make our lives easier so we can spend more time doing things we love to do. Now I’m just waiting on my Rosey the Robot.”

Sara from Confessions Of A Cleaning Lady

How can adding technology to my home make everyday life more convenient?

“Your daily life can be made more efficient, comfortable, and convenient by incorporating technology into your house. With today’s smart home systems, you can use a single app or device to manage all the features of your home, including lighting, heating, and security. 

All you need to do is program your gadgets with schedules and routines. You can set your thermostat to change the temperature in your living room before you arrive home from a trip, or you can preset your lights to turn out automatically at daybreak. These for instance will not only bring comfort and convenience to you, but they are more energy efficient as they save energy and reduce your utility bills.

When you’re at work or abroad, you can receive alerts from smart security devices like motion sensors, security cameras, and video doorbells about strange activity occurring at home. Voice assistants, such as Google Assistant, Apple Siri, and Amazon Alexa, make it easy to work and complete other chores without using your hands. With voice commands, you can play music, create reminders, operate smart home devices, and acquire information.

Technology can improve your way of life and how you go about things. Smart washing machines, ovens, and refrigerators may all be operated from a distance. For example, you may check to see whether you need to replace the water filter in your refrigerator or preheat your oven while you’re on your way home. You can monitor and enhance both your home’s environment and your health with the use of gadgets like health monitors, water filters, and smart air purifiers. Robotic vacuums can reduce the time and effort required for household cleaning by cleaning your floors on a schedule and navigating past obstructions.”

Ameyaw Debrah from ameyawdebrah.com

Home insurance and smart homes

Integrating intelligent devices in homes is bringing about significant changes that benefit homeowners and insurers alike. Here is how these advancements are reshaping the landscape of home insurance.

  • Beyond convenience: Smart home technology offers more than just ease of use for homeowners, it can lead to tangible financial benefits by lowering insurance premiums.
  • Insurance discounts: Homes equipped with smart security systems may be eligible for discounts on insurance premiums, thanks to the reduced risk of theft, damage, or other incidents that could lead to a claim.
  • Preventing costly damages: Devices like leak detectors are crucial in avoiding expensive home repairs. They can alert homeowners to potential water leaks early on, preventing issues like flooding or mold growth before they become major problems.
  • Incentivizing safer homes: Insurance companies are offering incentives for adopting smart home technology, encouraging more homeowners to invest in these systems. This trend is leading to safer living environments overall.
  • Enhancing liability claims: Security and doorbell cameras can provide clear evidence in cases of theft or injury, while smart sensors can document specific events, like the exact time and location of a water leak.
  • Streamlining the claims process: The data provided by smart home devices can help speed up the insurance claims process by offering solid proof to support the homeowner’s case, ensuring quicker resolutions and fair compensation.

For homeowners, smart device integration means a more connected and efficient living space and the potential for an eco-friendly lifestyle. It offers an opportunity for reduced insurance costs and simplified claims processes. Luckily, insurance companies recognize the value of these technologies and are increasingly offering incentives to homeowners that reward proactive protection. By embracing smart home technology, you’re upgrading your lifestyle.