Description: The smart water leak alarm that spots hidden leaks before they become big problems.
Solving an industry wide problem It is widely known that escape of water claims are a big problem for insurers with $17bn a year spent on escape of water losses in US and UK alone. It’s less well known that over half of these claims are caused by mains water leaks and that the majority are small, hidden leaks that cause damage over a period of time. Escape of water seems like a great use case for IOT but so far nobody has really cracked the code on how to do it at scale… until now.
LeakBot is the world’s first end-to-end, IoT escape of water claims mitigation solution that already has a proven commercial model and business case for insurers.
> 80% self installation rate, micro-leak sensitivity, device and in-home service can be offered for free to homeowners