Facebook And Twitter Usage Could Raise Your Home Insurance Premium By 10%

The home insurance premiums of Facebook and Twitter users could be raised by as much as 10%, according to a recent report. Social media and location aware services such as Facebook, Twitter, Buzz, Foursquare, Gowalla and others can alert criminals when a user is at a specific spot and not at their home.

This unintended usage of location based services was so aptly highlighted by the recent launch of PleaseRobMe, a new location based service, which streams updates from a host of location based networks to point out when a user is not at his home. The inherent conclusion, is that if a user is not at home, it is super easy to break into his home. Please Rob Me’s mission statement reads as follows: