Thirty-three Percent of Households with Insurance Would Switch Providers to Acquire Smart Home Devices [Yahoo! Finance]
Resideo Technologies, Inc. (REZI)
Last resideo technologies, inc. earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
DALLAS March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices. The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel. With insurance costs rising nationwide, homeowners and insurers are both looking for solutions to reduce premiums, claims, and payouts. Smart home devices can detect and prevent costly damages, particularly rated to water and faulty wiring. Water-related damage is by far the most common home damage, with 26% of US households reporting this kind of damage. According to the Insurance Information Institute, the average cost of water damage/leaks is , while the average for flood/weather-related damage is "Insurance is a highly co
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REZI
Earnings
- 2/13/24 - Beat
REZI
Analyst Actions
- 2/29/24 - TheStreet
REZI
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- REZI's page on the SEC website