When we refer to a smart home, we mean the technology that monitors, controls, or automates any and all facets of a home.
The "Internet of Things" has triggered a technological revolution in the home, growth in this market has been exponential due to more and more installations and gadgets becoming available. Many of these help with energy-saving.
The smart home market shows no signs of slowing down, and it's estimated to be worth $300 billion in the next 5 years. Incorporating these solutions into a home isn't cheap either, entry-level smart home modifications might cost anywhere between 2%-6% of the overall value of a home, getting a fully integrated smart home solution fitted by a specialist could cost your clients thousands.
Homeowners can now make every corner of their home smart. Your clients may not be aware that the energy-saving tech and devices they install may be changing their rebuild costs.
Your clients can now choose to have a whole range of detection technologies in their homes. This makes them safer, meaning less risk, fewer claims, and potentially lower insurance premiums. This includes home security, covering everything from external cameras, alarm systems, and door locks. This will have implications for reducing the risk of break-ins at home.