Locket and Boundary unite to innovate home insurance

InsurTech Locket has partnered with Edinburgh-based smart home security company Boundary to offer customer-centric home protection.

The initiative offers a combination of two customer-centric services – DIY smart home technology that fits around customers’ lives, and home insurance.

Locket explained that the partnership will see customers of Boundary’s smart home alarm systems given a fairer price on their insurance when they protect their homes with Locket. Existing Locket members will also be able to take advantage of the partnership if they add Boundary products to their policy. In addition to this, Boundary customers will also receive a £50 Amazon voucher if they purchase home insurance through Locket.

Locket launched the pre-registration for its latest crowdfunding round earlier this week. The company has also recently rebranded from Hiro to Locket and announced partnerships with provider of smart sensors for locks Kubu and property branding company StepLadder, as well as ex-burglar and TV personality, Michael Fraser.

Boundary uses connected sensors to monitor homes, and devices can be added to windows and doors, as well as individual rooms. The platform also allows the exclusion of pets from monitoring, reducing false alarms.

Locket adopts a ‘prevention first’ ethos to home insurance. Hamza Abbas, business development and partnership director at Locket, explained, “Of course, we pay out on claims – and quickly – but we’d rather work with our members to help prevent bad things from happening in the first place. Partnering with Boundary enables our members to take another step towards this.”

Robin Knox, CEO and founder at Boundary, added, “Locket and Boundary are both on a mission to help protect people’s homes in a smart and modern way that is convenient and simple for consumers.”

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