BuzzBuzzHome Corp.
February 23, 2010

Are you an avid user of websites such as Facebook, GoogleBuzz, Twitter, or FourSquare? If so, watch out! Your insurance company could penalize you for your social media usage.

What?! Yes. And, I think it makes total sense. Why? Check out PleaseRobMe.com, which was created to make “online tell-alls” aware of the risks to publicly sharing their location. Basically, the site tells the world when social-media users aren’t at home by aggregating location check-ins posted to the microblogging site.

Check out a recent article by Confused.com, which states that home insurance companies could shortly commence monitoring social media servicesand increased premiums of up to 10 percent for those who share too much information.

“I wouldn’t be surprised if, as social media grow in popularity and more location-based applications come to fore, insurance providers consider these in their pricing of an individual’s risk,” said Darren Black, the head of home insurance at Confused.com. “We could see rises of up to 10pc for people who use these sites.”

The problem, Black said, was that all of these sites allow users to post their current location at any given time, essentially broadcasting to all would-be criminals that they are not home.

“Criminals are becoming increasingly sophisticated in their information gathering, even using Google Earth and Streetview to plan their burglaries with military precision,” said Black. “Insurance providers are starting to take this into account when they are assessing claims and we may in future see insurers declining claims if they believe the customer was negligent.”

Of course… the moral of the story… DONT POST YOUR HOME ADDRESS OR PERSONAL INFORMATION ONLINE AND TURN OFF ALL LOCATION BASED SERVICES (d’uh!).

Developments featured in this article

More Like This

Facebook Chatter