Is it Smart to Have a Smart Home?

Vickie Blog

With technological innovations on the rise, it’s no surprise that the concept of having a smart home is the latest trend. A common misconception consumers have, however, is that all home technology is “smart.” Home appliances don’t automatically become “smart” just because they are plugged into the internet – a better term for current home technology is “connected home.” Smart homes actually become smart, thanks to machine learning and their ability to think and make decisions. This allows them to help mitigate risks that might occur at any time of day. At the end of the day, they are still devices, so are they worth the investment?

Great for Security

Since 2000, the rate of breaking and entering in Canada has been declining by 1%, despite reporting an overall increase in crime rates in 2018. Nowadays, many smart cameras have built-in microphones that allow you to monitor what happens in/out of your home at any time of day. If you frequently forget to lock your doors, smart locks conveniently let you lock them remotely. You can also change this lock code whenever you need to, causing it to be more difficult for a burglar to break in.

Damage Prevention

Smart technology utilizes sensors that monitor and detect any abrupt changes in conditions inside your home. Smoke detectors now have the ability to notify you if there’s an increase in carbon monoxide levels. Smart dishwashers and washing machines can also alert you remotely if water levels are rising or if a flood is occurring.


Despite the upfront cost of the devices, you may find that investing in them drives you to be more cautious of your energy and electricity consumption. Smart thermostats help you control your heating/cooling schedules whether you’re at home or away, which can reduce your energy bill and help you save money. Smart lights allow you to monitor and time how long the lights are on in your home, which helps you lower your electricity bill.

The Downsides

Because most of these devices record audio or video, there is a risk of being hacked. Stronger passwords and encryption can help strengthen and avoid this from happening. Moreover, most of these devices require a strong WiFi connection that can support all this tech at once so you may need to change your data plan with your service provider.

Ready To Go Smart?

According to J.D. Power Canada, investigating in a home security system may offer a reduction in premiums along with a safer, more secure home. Learn more about how your smart home can lower your home insurance by visiting our services page or by contacting us!