1.5 million households to be run by smart devices by 2023
A further third (31%) of homeowners plan to have at least part of their home controlled by smart home technology by 2023, with devices ranging from home security to entertainment systems all managed remotely, according to research by insurer Policy Expert.
Many tech savvy homeowners are already jumping on the tech trend with the average household already owning three smart devices.
Two in five (40%) people said smart devices made their lives easier, 31% enjoyed embracing new technology and 18% of people invested to save money on bills.
Some 3% admitted to purchasing smart home devices purely to keep up with their friends.
However, forgetting to add these devices to your home insurance could prove costly.
Adam Powell, operations director at Policy Expert, said: “Whether you’ve already passed over control of your home to smart devices, or you’re planning to make your first purchase, it’s important to make sure that your contents insurance covers big-ticket items.
“Before party season gets into swing take a moment to review your home and contents insurance, add any costly items and in some cases added security measures can reduce the cost of your premium.”
Most popular smart home technology:
- Smart TV – 54%
- Smart meter – 26%
- Home hub (e.g. Amazon Echo, Wink Hub, Apple TV) – 22%
- Heating (e.g. Nest thermostat/Hive heating) – 11%
- Smart speaker – 10%
- Smart health & fitness devices – 9%
- Smart lighting (e.g. Phillips hue lights) – 7%
- Smart plugs – 6%
- Smart home surveillance camera – 5%
- Kitchen appliances (e.g. smart fridge, food scales) – 4%