Here’s how to save £56 on your home insurance bills with a new kind of ‘Black Box’ for your HOUSE
Water leaks are a massive pain. They are a huge inconvenience, and they’re costly, too. According to the Association of British Insurers (ABI), £1.8m is paid out EVERY DAY due to home insurance claims regarding water leaks.
If you’ve ever been caught short by a dodgy pipe, you’ll know how important it is to identify the problem early. And now, a new piece of technology could save the average household £56 per year on their home insurance bills - and it’s simpler than you might think.
We all know about the good old fashioned ‘Black Box’, a device attached to your car which monitors your driving style. It rewards careful drivers with cheaper premiums, but ups the price for boy racers.
Now, a similar kind of device is available for your home to help identify water leaks as quickly as possible.
A leak detector helps to spot a problem as soon as it appears. It could save you money on your bills, and some insurers will even cut the price of your policy as a reward.
Last year home insurer iGO4 teamed up with a company called LeakBot to launch what it’s billing as the first "black box" home insurance product, using a smart water leak detector - which they will even install for free if you go for their policy.
The discount is offered because a LeakBot helps prevent significant water damage - meaning an insurer is unlikely to have to pay out as much in the event of a problem.
Various insurers offer a similar service, so it’s important to shop around to find the best deal for you - and save as much as possible!
If you’re looking for a great deal on your home insurance, head to A Spokesman Said and search for the best policy for you.
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