Honey home insurance saves homeowners money and provides protection and security with its products

Research showed 50 per cent of insurance claims are avoidable, Honey Insurance is helping Aussies reduce risk and stay safer in their homes by investing in its customers early and providing smart home sensors.
Research showed 50 per cent of insurance claims are avoidable, Honey Insurance is helping Aussies reduce risk and stay safer in their homes by investing in its customers early and providing smart home sensors.

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Most of us are a little insurance-shy. Despite the financial security, peace of mind, family protection and stress reduction that having insurance gives us during difficult times, it's often the last thing we want to spend our money on.

For too long, a stigma has existed around the way homes are insured, with 52 per cent of Australians believing their current home and contents insurer does nothing proactive to keep their homes safe.

This is despite sinking an average of $1386 of their hard-earned cash into insurance each year.

A further three in four (76 per cent) of Australians would like insurance companies to be a lot smarter and help them proactively keep their homes safe, so they have to pay fewer claims.

Enter Honey Insurance. Honey Insurance is like nothing that has ever existed in Australia - until now.

Honey is on a mission to drag the insurance industry out of the dark ages using technology to eliminate 50 per cent of all avoidable accidents that happen in the home and then rewarding customers for keeping their homes safer in the form of an 8 per cent discount on their yearly premium.

It's smart home insurance for the modern Australian.

Through the introduction of clever sensors (valued at $250 and complimentary when you sign up for home and contents insurance), Australians will know more about their homes than they ever have.

Australians love smart technology - 25 per cent of home insurance customers say they would switch to a new insurance company if they could get free home sensors/door cameras to keep them safer.

Australians love smart technology - 25 per cent of home insurance customers say they would switch to a new insurance company if they could get free home sensors/door cameras to keep them safer.

This innovative device and system help families to be one step ahead of accidents that lead to claims, giving Australians peace of mind - which quite frankly we all need at the moment.

These sensors alert customers to the three things that cause most claims in Australian homes, fire, theft and floods.

They will proactively send an alert to your phone if you've left your doors or windows open, let you know if you have a water leak (think washing machines and under the sink) and even notify you if your fire alarm is going off and keep an eye on the temperature of your home (think of your precious wine cellar or the baby's nursery) so you always know exactly what's going on in your home.

A clever sensor can alert you to any potential hazards in your home, keeping you safe and your insurance claims to a minimum. Photos: Supplied

A clever sensor can alert you to any potential hazards in your home, keeping you safe and your insurance claims to a minimum. Photos: Supplied

Honey is the first Australian insurance company to partner with smart sensor technology (these sensors have never been seen in Australia before now) to bring a proactive insurance offering to Australia.

And there is no doubt that homes in Australia are well and truly ready for it.

Honey Insurance is setting out to make peoples lives better by making the insurance process simple for everyone. Its going to be a game changer, giving Australians more time back in their days to do the things they actually enjoy.

Tim Fung, Co-founder and CEO of Airtasker

By simply typing in your address Honey can identify things like what your house is made of, what tiles are on your roof and even the size of your house. In fact, through satellite data, they may even know more about your house than you know.

And that's just the start; satellite data will also detect home improvements like a new extension to the house or new swimming pool - and automatically adjusts a customer's policy to ensure their coverage is always accurate and adequate.

Honey thought about your safety and how you can minimise your premiums on your home and contents insurance with one simple device.

Honey thought about your safety and how you can minimise your premiums on your home and contents insurance with one simple device.

Even more assuring is that this smart process is also fast. You could be insured in just three minutes and all without having to make a single phone call (unless you want to, of course).

Most Australians are unaware that you can switch providers and get refunded at any time during your current insurance period, making this a great time to look around at the competition.

Honey Insurance may be Australia's most recent tech start-up but they have one of the most respected insurers in the industry as their underwriter, The Royal Automobile Club of Queensland (RACQ), which has been in business for 110 years and with more than 1.8 million customers. It is its balance sheet that pays out a claim for Honey customers.

Get a quote today and discover that a smarter home is a safer home. You can find out more or get a quote at Honey Insurance.

This story Meet the company flipping the script on home insurance to save you a bundle first appeared on The Canberra Times.