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The adoption of smart home devices

Price continues to be a hurdle in adopting technology that could decrease loss or damage to homes.

What appears to be holding people back from successfully adopting smart home technology are concerns over price, ease of use and whether it all works together reliably.

The seven-question online omnibus survey, conducted by YouGuv in the below listed article, was fielded among 1,116 people in the U.S., 18 and older, this past May. The idea was to better understand reasoning about home management and how a smart home system could help reduce the load.

Survey findings show that the majority of respondents are open to smart home experiences. In all, 73% of respondents indicate they can see ways in which a smart home system could make their day-to-day lives easier.

In all, 93% of respondents who manage their home on a daily basis indicate a range of activities they would participate in if they were able to cut down on time spent managing their home.

We will continue to monitor the use of smart home devices and its development. If you have any questions or concerns, make sure to speak to your broker or company agent.

Source: http://www.canadianunderwriter.ca/insurance/price-continues-hurdles-adoption-smart-home-devices-survey-1004114971/