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Insurance discount for home device

Cocoon, an Aviva-backed smart home security system, has a deal with PolicyCastle, digital home insurance providers, giving people buying home insurance online through PolicyCastle a 15pc discount when using at their home the security product.

Sanjay Parekh, Cocoon CEO said: “UK homeowners using Cocoon to protect their homes and loved ones will now get a genuinely market-leading discount on their home insurance policy. The connected home has gone through a technological evolution, having mostly failed to deliver much real-world benefit to customers. Just as smart thermostats save customers’ hard-earned cash, Cocoon partnering with PolicyCastle gives UK homeowners security and real year-on-year cost savings, at a time when household incomes are being squeezed. We call that a win for the customer.

“We see innovation, whether through technology or commercial partnerships, as the most effective way to improve the lives of our customers. Working together with PolicyCastle and other innovative insurance partners is just one way to kickstart change in the home insurance industry and force larger, established brands to improve their offerings to UK customers. The cost of protecting the home and loved ones is priceless, and here at Cocoon we truly believe the our smart security system will be at the centre of that change.”

And Edmund Dilger, PolicyCastle CEO said: “Smart home devices have the opportunity to revolutionise the way we maintain and protect our homes and we are delighted to support customers who are using them. PolicyCastle is creating the first database relating different smart home devices, perils and claims, and will work with insurers to provide tailored home insurance policies for customers based on the data. We are delighted to work with Cocoon and other smart home technology businesses as we innovate on behalf of customers.”

Cocoon is described as an AI-powered all-in-one home security system that uses sound-detection. Users connect to their home via an app, available free on iOS and Android. Cocoon’s Subsound technology, offers multi-room protection through infrasound motion detection. The camera, working in less than a minute according to the firm, has night vision and HD video, offering wide-angle 120-degree coverage. The app controls triggering of the siren, and users get notifications to their phone. Visit www.cocoon.life. It’s on sale from retailers including Amazon.co.uk, Selfridges & Co. and B&Q.


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