Connected devices now range from door locks to baby monitors, and insurance companies seem to be taking advantage of the new technology for home monitoring.

Research firm Accenture revealed insurance pilot projects for connected homes increased 9% in 2014 to 22% in 2015. The companies promote these products as empowering, putting better care in the hands of their consumers. However, some see the new connection to their insurance companies as something more sinister.

"You could get to a point where insurance companies are saying they know you have a security system on your home, but you aren't turning it on so they won't give you a discount," said Eric Cernak, vice president and cyber practice leader for insurance group Munich Re said. "The convenience that comes with all of these devices also means they are capturing your day-to-day lives behind closed doors, and people forget the value of that."

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