Making a Splash: Moen Teams Up with Amica Insurance to Fight Water Damage

Guess what, folks? NORTH OLMSTED, Ohio – Moen, the absolute champion in home water experiences, just announced a game-changing initiative with Amica Insurance. This dynamic duo is on a mission to get policyholders to adopt Flo Smart Water Monitor and Shutoff devices by offering special savings and installation programs. Why? Because smart technology can drastically cut down on catastrophic water damage from residential leaks. 

Moen’s Flo Smart Water Monitor and Shutoff devices are like the superheroes of leak detection. They offer a proactive, digitally-driven approach that can slash water damage claim frequency events by up to 96%! Imagine reducing household water waste from preventable leaks by as much as 90%. Yes, you read that right. By increasing the number of homes using smart leak detection, homeowners can dodge the hefty expenses and chaos caused by preventable flooding. 

Let’s face it, water damage is a major headache. It accounts for a whopping 24% of all homeowner insurance claims. We’re talking about financial and emotional hardships here. Nationally, insurers shell out over $15 billion in water claim damages annually. A significant chunk of that is tied to leaks. But here’s the kicker – by encouraging the use of Flo smart leak detection, Moen can help cut down on water damage claims caused by leaks and alleviate those sky-high costs. 

“We estimate that insurers pay out over $15 billion in water claim damages annually, of which a significant portion are tied to leaks,” said Jeff Barnes, vice president of business development at Moen. “By working together with the insurance industry, we can also help to reduce wasted water, which is especially important in areas where water is scarce. Across the country, an estimated one trillion gallons of water are wasted due to leaks each year.”

So, what’s the game plan? Moen will be teaming up with Amica to roll out Smart Water Monitor and Shutoff devices to policyholders across the United States. Talk about a win-win situation! Amica has been a partner of Moen’s for five years, and they’re pumped to ramp up their water loss mitigation efforts together.

"Water leaks are one of the leading causes of preventable insurance claims each year," said Laurie Tremblay, Amica Senior Innovation Analyst. "With Moen’s innovative system, we can help homeowners better understand their water usage and help prevent water damage."

Now, let’s dive into the techy stuff. The Moen® Flo Smart Water Monitor and Shutoff is like having a personal water guardian for your home. It continuously monitors the pressure and flow rate of water moving through your pipes, detecting leaks as small as a drop per minute with Microleak™ Technology. How cool is that?

If the device spots an issue, it’ll promptly send an alert through the Moen Smart Water Network App. Users can then turn off the water themselves or, in case of a catastrophic leak, the device will automatically shut off the water to prevent major damage. Plus, you can track water usage by fixture and set conservation goals within the app to support your water-saving efforts. 

This strategic agreement between Moen and Amica Insurance is more than just a business deal. It’s a step towards a future where smart technology and proactive measures can save homeowners from the nightmare of water damage. It's about reducing wasted water and protecting precious resources.

So, here’s to Moen and Amica, making waves in the world of water damage prevention and setting the bar high for innovative, smart home solutions. Cheers to a future with fewer leaks, less water waste, and happier, drier homes!