Home security manufacturer agrees insurance discount

Posted On 13 Dec 2017
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In a move that will interest many domestic security systems manufacturers and insurers, Cocoon, the sound detection based home security system, has announced a deal with PolicyCastle, a digital home insurance platform, giving people buying home insurance through the service a 15% discount when protecting their home with the connected security system.

Sanjay Parekh, Cocoon CEO said: “We’re delighted to partner with PolicyCastle. UK homeowners using Cocoon to protect their homes and loved ones will now get a genuine 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. Cocoon partnering with PolicyCastle gives UK homeowners security and year-on-year cost savings.

“Working together with PolicyCastle and other 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.”

Edmund Dilger, PolicyCastle CEO said: “We’re excited to partner with Cocoon to offer a home insurance discount to their customers. 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.”