“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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

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

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.