Amazon is reported to be considering offering home insurance as an offshoot of its development work on robots and other connected devices for the home. The idea being that robots and other smart devices can be used to monitor for threats such as fires, floods and burglaries, making it possible to offer cheaper premiums.
“A high percentage of home burglaries are actually from unlocked doors, so it helps eliminate that. That’s why they give the discount,” said August Home CEO Jason Johnson. Mr. Johnson, whose company makes products that work with Alexa and received an investment from Amazon before it sold to the Swedish lock-maker Assa Abloy last year, said he would not be surprised if Amazon began offering a new type of insurance alongside a home security system.