The Hartford Steam Boiler Inspection and Insurance (HSB), part of Munich Re, has released HSB HomeWorks, a suite of home energy management services to help policyholders save money. The product combines breakdown coverage for home equipment systems, appliances and electronics.
HomeWorks is designed to keep pace with new technology in the home and includes a home inventory feature that helps safeguard and manage personal information, says HSB.
According to the insurer, its program includes the broadest breakdown coverage available for heating, cooling, water and power, security systems, appliances and electronics. In addition, the service reportedly includes switching electricity suppliers to the lowest-cost provider in deregulated states.
HSB says the home energy management services are delivered to homeowners through an interactive website, MyHomeWorks, which is branded to insurance companies that partner with HSB to offer the coverage. A homeowner can calculate his home energy score, estimate potential cost savings, and follow customized steps to improve efficiency and lower expenses. Customers can use a home inventory tool to store photographs of their homes’ contents and records of vital documents safely in one place. In a crisis, this will help homeowners settle insurance claims faster.
