Did you know using smart home detectors could lower your home insurance premiums? Insurance rewards homeowners who invest in preventative measures for their homes. Installing detectors such as smoke alarms, water damage detectors, and security devices can help keep your home safe and prevent accidents. Our agents at Wilcoxon Insurance Inc. in Sioux Falls, SD, can educate you on this topic.
Understanding Smart Home Detectors
While many homes have a smart security system, other types of detectors can protect your house. For example, installing a smart water leak detector can help save your home from water damage. Other detectors include smoke and carbon monoxide detectors and video doorbells.
Why Insurance Companies Offer Discounts for Smart Detectors
Insurance companies are responsible for any damage to your home. By installing detectors and other smart devices, you can help protect your home, which lowers risks. Many home insurance companies will give you a discount because you’re essentially ensuring you’ll catch any damages before they happen. So, they may offer small discounts on your premiums.
Choosing the Right Smart Detectors
No, you can’t just install any old detector and ask for a discount. Home insurance agencies will have a list of acceptable devices. Essentially, they want to see a certificate that your device isn’t faulty and works correctly. If you buy a random device online, it may not meet the standard.
Assessing the Worth of Discounts
Some homeowners may feel like the discount isn’t worth it, which can be true. The cost of smart home detectors is high upfront, but they are worth it. You’ll be thankful they prevent damages compared to accidents and higher premiums. If you’re still unsure, contact one of our agents at Wilcoxon Insurance Inc. in Sioux Falls, SD, today.
