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Those New Home Safety Gadgets You Just Bought? They Won’t Lower Your Insurance Bill Much

Wi-Fi-Linked #SmartHome Security Gadgets aren’t lowering Insurance Premiums  #insurtech #iot

The insurance industry isn’t persuaded that new, internet-linked, home-security devices make homes safer, so consumers haven’t seen widespread savings on home-insurance premiums.

@st_weiss: Wi-Fi-Linked #SmartHome Security Gadgets aren’t lowering Insurance Premiums #insurtech #iot

Americans are snapping up millions of new security cameras and smoke detectors connected to their Wi-Fi networks. But insurers aren’t yet persuaded the devices will make homes any safer.

The average cost of insuring a home was expected to rise this year despite the gadgets that pledge to prevent billions of dollars in damage. The $84.9 billion U.S. home-insurance industry is resisting widespread price reductions because insurers say…

Those New Home Safety Gadgets You Just Bought? They Won’t Lower Your Insurance Bill Much