Smart Home Technology Can Help Reduce Property Damage, Claims

Thursday, March 17th, 2016 Property Technology

Smart home technology can serve as a prevention tool for homeowners looking to reduce potential damage related to exposure to the elements, with Allstate Canada reporting Thursday a company review of home claims reveals almost one in four are related to wind and hail. The claims data for Canada shows 38% of all home claims reported to the insurer between 2010 and 2015 were caused by wind and hail, notes a blog by Glen King, director of product development and underwriting research for Allstate Canada’s Enterprise Risk Management department, the first in a series called Future Forward.


External References & Further Reading
http://www.canadianunderwriter.ca/news/smart-home-technology-can-be-used-to-combat-claims-from-inclement-weather-other-risks-allstate/1004080497/?&er=NA
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