While smart sensors that monitor for water leaks have the most potential to reduce homeowners' risks, just 7% of survey respondents are using such technology. (Credit: Nmedia/Adobe Stock) While smart sensors that monitor for water leaks have the most potential to reduce homeowners' risks, just 7% of survey respondents are using such technology. (Credit: Nmedia/Adobe Stock)

Although homeowners have embraced smart home technology, with 66% owning at least one of these devices, many don't realize that these tools can also lower insurance premiums, according to a survey by Nationwide.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

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

Personal Lines
Technology Implementation
Personal Lines
Loss Control