Cocoon has announced a deal with PolicyCastle, the digital home insurance platform, giving people buying home insurance through PolicyCastle a 15% discount when protecting their home with the connected security system.

Sanjay Parekh, Cocoon CEO said: “We’re delighted to partner with PolicyCastle, the innovative digital home insurance platform, giving UK homeowners using Cocoon to protect their homes and loved ones a genuinely market-leading discount on their home insurance policy.

“The connected home has gone through a technological evolution, having mostly failed to deliver much real-world benefits to customers, but just as smart thermostats have saved customers hard-earned cash, Cocoon partnering with PolicyCastle gives UK homeowners security and real year-on-year cost savings at a time when household incomes are being squeezed. We call that a win for the customer.

“We see innovation, whether through technology or commercial partnerships, as the most effective way to improve the lives of our customers. Working together with PolicyCastle and other innovative 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. The cost of protecting the home and loved ones is priceless, and here at Cocoon we truly believe the our smart security system will be at the centre of that change.”

Edmund Dilger, PolicyCastle CEO, added: “We 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.

“PolicyCastle is creating the first database relating different smart home devices, perils and claims, and will work with insurers to provide tailored home insurance policies for customers based on the data. We are delighted to work with Cocoon and other smart home technology businesses as we innovate on behalf of customers.”