Nationwide Looks to Cut Down on Insurance Claims With Smart Home Detection Kit

Nationwide partnered with Notion on a smart home kit designed to monitor the home for conditions that could lead to insurance claims. The Notion system -- available at launch in Alabama, Arizona and Illinois -- has sensors that monitor for open doors and windows, smoke and carbon monoxide alarm alerts, and water leaks. Leading causes of insurance claims are water damage (31.4%), fire and lightning damage (26.8%) and theft (2.1%), said the insurer. Customers opting into the program receive a discounted rate on the smart home kit while saving on their insurance policy, said the company. Rates and kit price weren’t given.