Resideo Technologies and home insurer Nationwide are partnering to combine Nationwide’s coverages and expertise with Resideo’s smart home solutions and professional installation relationships.
According to the companies, this allows U.S. homeowners to leverage tech-enabled prevention capabilities to help prevent unexpected damage and expenses.
Homeowners that take advantage of preferred device packages may be eligible for a discount on their insurance through Nationwide.
Citing a 2023 survey, Nationwide says the lead reason for purchasing smart home products is to reduce anxiety. However, despite water and fire damage being cited as the highest non-weather related issues for homeowners, more than 90% of survey respondents don’t have smart water leak sensors, and nearly 80% don’t have smart smoke or fire hazard devices in their home.
“Smart home technology presents a tremendous opportunity to elevate protection for our customers by transitioning from a reactive approach to a proactive one, enabling us to predict and prevent losses before they occur,” says Beth Riczko, president of P&C Personal Lines at Nationwide. “Nationwide is proud to be a leader in smart home protection and to partner with Resideo, which has a broad and innovative portfolio of smart home solutions, and a vast customer base that can help us both accelerate learning and value creation for our customers.”
Dana Huth, Resideo’s chief revenue officer, says the company is committed to protecting customers’ homes.
“Partnering with Nationwide, who has a similar focus and aligned mission, will be an accelerant to meaningful savings of time, effort and money for U.S. homeowners and residents,” Huth says.
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