Systems and methods for automatically mitigating risk of property damage
Methods and systems for automatically mitigating risks of insurance-related events to a property are provided. According to certain aspects, a smart home controller or insurance provider remote processor may analyze data received from a plurality of smart devices disposed on, within, or proximate to a property, as well as data received from an insurance provider. If it is determined that an actual or potential risk of property damage exists, the smart home controller or insurance provider remote processor may automatically issue commands to one or more smart devices to take actions that mitigate the risk. The smart home controller may also transmit information about the actual or potential risks and any mitigative actions to an insurance provider. The insurance provider remote processor may interpret the transmitted data to perform insurance activities, such as providing a discount and/or adjusting an insurance premium or policy associated with the property.
1. A computer-implemented method of limiting damage to a property populated with a plurality of devices on the property, each of the plurality of devices configured to monitor various conditions associated with the property, the method comprising:
receiving, at a smart home controller, sensor data from a plurality of devices, the sensor data indicative of a potential insurance-related event;
identifying, by one or more processors of the smart home controller, a first cause of damage and a second cause of damage associated with the potential insurance-related event;
determining, by the one or more processors, a first corrective action to be performed by a first device of the plurality of devices to mitigate or prevent the first cause of damage and a second corrective action to be performed by a second device of the plurality of devices to mitigate or prevent the second cause damage; and
transmitting, from the smart home controller, a first command and a second command, wherein the first command is configured to be executed by the first device to cause the first device to perform the first corrective action, and wherein the second command is configured to be executed by the second device to cause the second device to perform the second corrective action.
2. The computer-implemented method of claim 1 , the method further comprising:
receiving, at the smart home controller, a confirmation that the first command has been executed.
3. The computer-implemented method of claim 2 , wherein the first corrective action to be performed by the first device of the plurality of devices comprises:
shutting off a water or gas supply.
4. The computer-implemented method of claim 2 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
closing a door, window or shutter.
5. The computer-implemented method of claim 2 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
turning off an appliance that has failed or is about to fail.
6. The computer-implemented method of claim 2 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
turning on a sump pump, de-watering equipment, or fire sprinklers.
7. The computer-implemented method of claim 1 , the method further comprising:
transmitting, to at least one of an individual associated with the property and an insurance provider associated with the property, an alert indicating that the first corrective action has been performed.
8. The computer-implemented method of claim 1 , the method further comprising:
receiving, from the insurance provider, a notification that at least one insurance-related activity has occurred, wherein the insurance-related activity is at least one of:
an update of an insurance policy or premium,
an adjustment of an insurance discount, rebate, or award,
a processing of an insurance claim, or
a recommendation to purchase at least one additional device or insurance product.
9. The computer-implemented method of claim 1 , the method further comprising:
retrieving, by the one or more processors, data from an archival database;
examining, by the one or more processors, the data from the archival database to generate a baseline model;
comparing, by the one or more processors, the sensor data to the baseline model to identify variations from normal operation; and
storing, by the one or more processors, the operating data in the archival database.
10. The computer-implemented method of claim 9 , wherein comparing the sensor data to the baseline model comprises:
calculating, by the one or more processors, a variance between the sensor data and the baseline model; and
determining, by the one or more processors, whether the variance is indicative of at least one of: a device of the plurality of devices is failing or the device is about to fail.
11. The computer-implemented method of claim 1 , the method further comprising:
receiving, at the smart home controller, insurance-related data from at least one of an insurance provider associated with the property and a third party agency that gathers and reports data relevant to insurance risk.
12. The computer-implemented method of claim 11 , wherein the third party agency is at least one of:
a weather agency, a crime reporting agency, a traffic reporting agency, a pollution monitoring agency or an insect control agency.
13. A system for limiting damage to a property populated with a plurality of devices on the property, each of the plurality of devices configured to monitor various conditions associated with the property, the system comprising:
one or more transceivers adapted to communicate data;
a memory adapted to store non-transitory computer executable instructions; and
one or more processors associated with a smart home controller and adapted to interface with the one or more transceivers, wherein the one or more processors are configured to execute the non-transitory computer executable instructions to cause the one or more processors to:
receive, via the one or more transceivers, sensor data from a plurality of devices, the sensor data indicative of a potential insurance-related event;
identify, by the one or more processors, a first cause of damage and a second cause of damage associated with the potential insurance-related event;
determine, by the one or more processors, a first corrective action to be performed by a first device of the plurality of devices to mitigate or prevent the first cause of damage and a second corrective action to be performed by a second device of the plurality of devices to mitigate or prevent the second cause damage; and
transmit, via the one or more transceivers, a first command and a second command, wherein the first command is configured to be executed by the first device to cause the first device to perform the first corrective action, and wherein the second command is configured to be executed by the second device to cause the second device to perform the second corrective action.
14. The system of claim 13 , wherein the one or more transceivers are configured to:
receive a confirmation that the first instruction has been executed.
15. The system of claim 13 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
shutting off a water or gas supply.
16. The system of claim 13 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
closing a door, window or shutter.
17. The system of claim 13 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
turning off an appliance that has failed or is about to fail.
18. The system of claim 13 , wherein the corrective action to be performed by the first device of the plurality of devices comprises:
turning on a sump pump, de-watering equipment or fire sprinklers.
19. The system of claim 13 , wherein the one or more transceivers are further configured to:
transmit, to at least one of an individual associated with the property and an insurance provider associated with the property, an alert indicating that the corrective action has been performed.
20. A non-transitory computer-readable storage medium storing processor-executable instructions, that when executed cause one or more processors to:
receive, at a smart home controller via a communication network, sensor data from a plurality of devices, the sensor data indicative of a potential insurance-related event;
identify, by the one or more processors of the smart home controller, a first cause of damage and a second cause of damage associated with the potential insurance-related event;
determine, by the one or more processors, a first corrective action to be performed by a first device of the plurality of devices to mitigate or prevent the first cause of damage and a second corrective action to be performed by a second device of the plurality of devices to mitigate or prevent the second cause damage; and
transmit, from the smart home controller via the communication network, a first command and a second command, wherein the first command is configured to be executed by the first device to cause the first device to perform the first corrective action, and wherein the second command is configured to be executed by the second device to cause the second device to perform the second corrective action.