From increased gadgets for teenagers and twenty-somethings to elderly parents’ antiques being brought into the household, people and objects are what make a house a home. These can all affect the value of your contents and need to be reviewed on a regular basis.
From an insurance perspective, the biggest element of the future home, and how it may affect insurance, is ‘The connected home’. With the average UK home expected to have over 50 connected devices by 2020 according to Dixons Carphone Warehouse 2017, it’s safe to say that the connected home landscape has exploded and is now becoming mainstream.
From smart lamps to fridges and TVs, we are all adopting the new connected approach and there is a real implication on what this means for the home’s value and security.
Insurers are in the early stages of reviewing the impact of connected homes – but at L&G General Insurance, we are already using smart home technology and connected devices to make the claims process even easier. CCTV images of burglaries and doorbell camera photos of visitors to the home are just two examples of how smart tech helps efficient, evidence-based communication with the police and insurance companies.
If you’d like to know more about Legal & General’s SmartClaim claims process, please speak to the team during the BSA for a 5-minute demo.
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