5 Insurance Impacts of the Internet of Things

Smart devices are poised to alter policyholders' lives — and the way they are insured.
February 01, 2013


2. Carpets

Smart carpets that detect falls are being developed with homebound seniors in mind. That could be a boon for health insurers, who can save costs by shaving precious seconds off of medical response times. But what about the potential to identify break-ins earlier? Simply set your smart carpet to alert the police if anyone walks on it during your vacation, and you could get a homeowners insurance break.

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