Frequently asked questions

Leakbot helps insurers reduce the frequency and severity of water damage claims by detecting leaks early, preventing costly claims for escape of water incidents. This proactive approach can improve loss ratios, enhance customer satisfaction, and reduce operational costs associated with claims processing.

Insurance providers can offer LeakBot as a value-added service to policyholders, either as a free device to encourage adoption or as part of a premium policy benefit. Some insurers also offer discounts to customers who install and use LeakBot, incentivizing risk reduction.

LeakBot collects real-time data on water leaks within homes, offering insurers valuable insights into customer risk profiles. This data can help insurers refine underwriting models, adjust pricing based on risk mitigation, and proactively engage customers before a major claim occurs.

Insurers typically see a reduction in water damage claims, leading to improved profitability. By preventing costly claims, insurers can achieve a positive ROI through lower payouts, improved retention rates due to added policyholder benefits, and potential savings on claims handling.

LeakBot is designed for seamless integration into insurance policies. The device is easy for homeowners to install, requires no plumbing expertise, and works straight out of the box. Insurers can implement LeakBot as a standalone product or bundle it with policies, with full support from the LeakBot team to ensure a smooth rollout.

Yes, LeakBot provides tailored pilot programs for insurers to assess its impact on reducing water damage claims. These pilots help insurers test adoption, claims reduction, and customer engagement before scaling LeakBot as a policy benefit. Full support is provided for setup, data insights, and implementation.