Samsung Electronics has started working with Hartford Steam Boiler, which is part of Munich Re, to bring a new Smart Home Savings program to users of Samsung SmartThings. This program is focused on helping people save money on their home insurance by using smart home technology. With this approach, homeowners can get discounts on insurance when they use select Samsung smart devices that help lower risks like water leaks, fires, and theft.
The Smart Home Savings program is available to people living in the United States who have the SmartThings app and certain Samsung smart home products. The program uses the features of connected devices to watch for things like leaks or open doors. If the system finds a problem, it sends an alert to the homeowner. This can help prevent bigger issues that might lead to expensive insurance claims. As a result, insurance companies may offer lower rates to people who use these devices because they are taking steps to reduce risks.
Hartford Steam Boiler is the insurance provider working with Samsung on this program. They are known for their experience in insurance and risk management solutions. By bringing together Samsung’s smart devices and HSB’s insurance knowledge, the program aims to benefit both homeowners and insurance companies. Homeowners can save money and possibly avoid damage, while insurance carriers may see fewer claims.
Getting started with the Smart Home Savings program is simple for users who already have SmartThings and the right devices. When users enroll, the system will confirm if their devices are compatible. Once set up, users may be able to share data from their smart home devices with their insurance provider. This information helps the insurer decide if the homeowner qualifies for discounts or other benefits. Samsung and HSB say that user privacy is important, and any data sharing is managed with clear consent.
This partnership reflects a growing interest in using technology to make home insurance more affordable. By connecting everyday devices to insurance programs, companies hope to give people more control over their expenses and their homes. The Smart Home Savings program is one of several efforts in the industry to link smart technology with insurance, showing that more companies are looking for ways to bring extra value to customers.
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