Honey agrees exclusive smart home sensor deal
27 September 2021
Insurtech Honey Insurance will present new prospects with smart home sensors beneath an settlement with expertise agency Notion.
A complimentary Smart Home Sensor Kit valued at $250 will probably be supplied to assist proactively cut back loss and Honey prospects can even obtain 8% off their premiums when the sensors are activated.
Honey goals to shake up the home and contents market with monetary backing from its underwriting accomplice RACQ Insurance. It says it’s Australia’s first smart expertise insurtech, utilizing Notion’s Smart Sensors in addition to satellite tv for pc information to proactively detect adjustments to the home – corresponding to a brand new pool – and mechanically regulate a buyer’s coverage to make sure enough protection.
“We are utilising the best technology and services from around the world to provide Australians with better cover that is fast, simple to understand, intuitive to purchase, and designed for how people live today,” Honey Founder and CEO Richard Joffe mentioned.
Notion’s smart home sensors proactively monitor for water leaks, the opening of doorways and home windows, and temperature adjustments earlier than important damages and insurance coverage prices. They could be self-put in in lower than quarter-hour.