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91% Homeowners Miss Out On Smart Devices For Protection

Homeowners Miss Out on Smart Devices for Protection

Only 9% of people in a recent survey used smart sensors to watch for water leaks or flow issues, which could prevent substantial damages. This low adoption rate highlights the missed potential of smart devices to safeguard homes and reduce insurance costs.

Overlooking Smart Solutions for Home Safety

A recent Nationwide survey revealed that most homeowners are neglecting the potential of smart devices to safeguard their homes from significant damage and reduce home insurance costs. The survey found that 91% of homeowners do not have smart sensors for water leaks, and 79% lack sensors for smoke or carbon monoxide. These devices are crucial for averting major and expensive damages, according to the survey.

The Missed Benefits of Smart Sensors

The average loss cost for water damage or freezing is $12,514, while fire or lightning damage averages $83,519. Although insurance covers these costs, homeowners still endure the time and disruptions of repairs. Nationwide’s VP of Personal Lines Product Development, Sara Jacobs, emphasizes that many avoidable claims stem from non-weather-related water losses, such as leaky pipes or water heater issues. Early detection devices can help mitigate these problems.

Some states are bearing the brunt of soaring insurance costs

While the average increase in home insurance rates stands at 21%, specific states witnessed premium surges of up to 35%, as indicated in the Policygenius report. Notably, the states experiencing the most substantial increases during renewal include:

– Florida (+35%)
– Idaho (+31%)
– Colorado (+30%)
– South Dakota (+28%)
– Louisiana, Texas, and Oklahoma (+27%)

According to Policygenius, several of these states have grappled with rising natural disaster losses and a shrinking array of insurance options in recent years.

“Homeowners should connect with their insurance agent to understand the benefits and level of protection that smart home products can provide,” Jacobs said.

Shocking Statistics and Personal Stories

Despite the benefits, many homeowners avoid smart devices due to perceived high costs. Approximately 45% refrain from purchasing these products and associated services, deeming them “too expensive.” This perception overlooks the long-term cost savings of smart devices. By preventing damage and reducing insurance premiums, smart devices can save homeowners money over time.

Nationwide’s Recommendations

Nationwide recommends devices like smoke, CO2, or water sensors for added peace of mind, protection, and potential savings. Safeguarding your property reduces the likelihood of filing claims, possibly leading to lower insurance premiums.

Affordable Smart Device Options

To make smart devices more accessible, here are some budget-friendly options:

  • D-Link Water Leak Sensor: This sensor detects leaks and sends alerts to your smartphone, preventing water damage before it escalates.

  • Nest Protect Smoke + Carbon Monoxide Alarm: This dual-sensor alarm detects smoke and carbon monoxide, providing early warning of potential hazards.

  • Wyze Sense Motion Sensor: This motion sensor can be used for security purposes or to trigger smart home automation, such as turning on lights when motion is detected.

By adopting these affordable smart devices, homeowners can reap the benefits of protection, peace of mind, and potential cost savings.


In conclusion, the reluctance of homeowners to embrace smart devices for home protection, coupled with the escalating costs of climate-related disasters, presents a challenging landscape for the insurance market. Despite the clear benefits of early detection and potential savings, the perceived high costs hinder the widespread adoption of these technologies. As insurance rates continue to soar, particularly in states facing the brunt of natural disasters, the need for proactive measures becomes paramount. Homeowners are urged to engage with their insurance agents, explore cost-effective solutions, and stay informed about the evolving landscape to ensure adequate coverage and protection against unforeseen damages. It’s not just about safeguarding homes but also about securing peace of mind in the face of an unpredictable future.

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