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How home technologies can lower insurance rates

While devices with cameras are more popular, there are better tools that offer better protection and deeper discounts.

“People are aware of theft and fire, but the typical homeowner doesn’t think about water loss until they have one” Angi Orbann, of Travelers Indemnity Co., says. “Those that had a water loss are more aware of it. Even going away to work for the day, there can be significant losses if something happens with plumbing.” (Credit: BrandonKleinVideo/Shutterstock.com) “People are aware of theft and fire, but the typical homeowner doesn’t think about water loss until they have one” Angi Orbann of Travelers Indemnity Co. says. “Those that had a water loss are more aware of it. Even going away to work for the day, there can be significant losses if something happens with plumbing.” (Credit: BrandonKleinVideo/Shutterstock.com)

Whether it is a doorbell with a camera or a water valve with sensors and an automatic shutoff, homeowners that are embracing technologies are finding their way to lower insurance premiums to cover their homes, according to Angi Orbann, property, personal insurance product manager at Travelers.

However, not every device is created equally, she says, explaining that while devices that feature cameras are more popular, technology that features sensors for fire and water, as well as devices connected to third-party monitoring services, offer deeper discounts.

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Steve Hallo

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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