Any Size Insurance Agency or Carrier Can Now Partner with Moen to Help Reduce Non-Weather Water Damage Claims, Improving Loss Ratios & Enhancing Profitability
Moen has launched an Insurance Partner Program enabling insurance providers of all sizes to offer the Moen® Flo Smart Water Monitor and Shutoff to policyholders. The program aims to reduce water damage claims, which cost insurers over $15 billion annually.
The smart device continuously monitors water pressure and flow rate, detecting leaks as small as a drop per minute. It can automatically shut off water supply during catastrophic leaks and sends alerts through the Moen Smart Water Network App. According to a 2020 Lexis Nexis Study, the device has shown to decrease water damage claim events by 96%.
Statistics show that one in six homes will file a water damage claim over a ten-year period, with an average claim of $12,500. Insurance providers can join the program for free, access marketing materials, and refer policyholders who will purchase the device and installation directly from Moen.
Moen ha lanciato un Programma di Partner Assicurativi che consente ai fornitori di assicurazioni di tutte le dimensioni di offrire il Moen® Flo Smart Water Monitor and Shutoff ai propri assicurati. L'obiettivo del programma è ridurre i sinistri per danni da acqua, che costano agli assicuratori oltre 15 miliardi di dollari all'anno.
Il dispositivo intelligente monitora continuamente la pressione dell'acqua e il flusso, rilevando perdite anche piccole come una goccia al minuto. Può automaticamente interrompere l'approvvigionamento idrico durante perdite catastrofiche e invia avvisi tramite l'app Moen Smart Water Network. Secondo uno studio di Lexis Nexis del 2020, il dispositivo ha dimostrato di ridurre gli eventi di sinistri per danni da acqua del 96%.
Le statistiche mostrano che una casa su sei presenterà un sinistro per danni da acqua in un periodo di dieci anni, con un sinistro medio di 12.500 dollari. I fornitori di assicurazioni possono unirsi al programma gratuitamente, accedere a materiali di marketing e riferire gli assicurati che acquisteranno direttamente il dispositivo e l'installazione da Moen.
Moen ha lanzado un Programa de Socios de Seguros que permite a los proveedores de seguros de todos los tamaños ofrecer el Moen® Flo Smart Water Monitor and Shutoff a sus asegurados. El programa tiene como objetivo reducir las reclamaciones por daños por agua, que le cuestan a las aseguradoras más de 15 mil millones de dólares al año.
El dispositivo inteligente monitorea continuamente la presión del agua y la tasa de flujo, detectando fugas tan pequeñas como una gota por minuto. Puede cerrar automáticamente el suministro de agua durante fugas catastróficas y envía alertas a través de la aplicación Moen Smart Water Network. Según un estudio de Lexis Nexis de 2020, el dispositivo ha demostrado reducir los eventos de reclamaciones por daños por agua en un 96%.
Las estadísticas muestran que una de cada seis casas presentará una reclamación por daños por agua en un período de diez años, con una reclamación promedio de 12,500 dólares. Los proveedores de seguros pueden unirse al programa de forma gratuita, acceder a materiales de marketing y referir a los asegurados que comprarán el dispositivo y la instalación directamente de Moen.
모엔은 모든 규모의 보험 제공업체가 보험 가입자에게 모엔® 플로 스마트 수돗물 모니터 및 차단기를 제공할 수 있도록 하는 보험 파트너 프로그램을 출시했습니다. 이 프로그램의 목표는 보험사에 연간 150억 달러 이상의 비용이 드는 수해 손해 청구를 줄이는 것입니다.
스마트 장치는 지속적으로 수압과 유량을 모니터링하며, 분당 한 방울과 같은 작은 누수를 감지합니다. 이는 재앙적인 누수 발생 시 자동으로 수돗물을 차단하고 Moen Smart Water Network 앱을 통해 경고를 보냅니다. 2020년 Lexis Nexis 연구에 따르면 이 장치는 수해 손해 청구 사건을 96% 감소시키는 것으로 나타났습니다.
통계에 따르면 6채 중 1채가 10년 동안 수해 손해 청구를 제기할 것이며, 평균 청구액은 12,500달러입니다. 보험 제공업체는 무료로 프로그램에 가입할 수 있으며, 마케팅 자료에 접근하고 Moen에서 직접 장치 및 설치를 구매할 보험 가입자를 추천할 수 있습니다.
Moen a lancé un Programme de Partenaires en Assurance permettant aux fournisseurs d'assurance de toutes tailles d'offrir le Moen® Flo Smart Water Monitor and Shutoff à leurs assurés. L'objectif du programme est de réduire les réclamations pour dommages causés par l'eau, qui coûtent aux assureurs plus de 15 milliards de dollars par an.
Le dispositif intelligent surveille en continu la pression de l'eau et le débit, détectant des fuites aussi petites qu'une goutte par minute. Il peut automatiquement couper l'approvisionnement en eau lors de fuites catastrophiques et envoie des alertes via l'application Moen Smart Water Network. Selon une étude Lexis Nexis de 2020, le dispositif a montré qu'il réduit les événements de réclamations pour dommages causés par l'eau de 96%.
Les statistiques montrent que une maison sur six déposera une réclamation pour dommages causés par l'eau sur une période de dix ans, avec une réclamation moyenne de 12 500 dollars. Les fournisseurs d'assurance peuvent rejoindre le programme gratuitement, accéder à des matériaux marketing et recommander des assurés qui achèteront le dispositif et l'installation directement auprès de Moen.
Moen hat ein Versicherungs-Partnerprogramm ins Leben gerufen, das es Versicherungsanbietern aller Größenordnungen ermöglicht, den Moen® Flo Smart Water Monitor and Shutoff ihren Versicherungsnehmern anzubieten. Ziel des Programms ist es, Wasserschäden zu reduzieren, die die Versicherer jährlich über 15 Milliarden Dollar kosten.
Das intelligente Gerät überwacht kontinuierlich den Wasserdruck und die Durchflussrate und erkennt Lecks, die so klein sind wie ein Tropfen pro Minute. Es kann die Wasserversorgung bei katastrophalen Lecks automatisch abstellen und sendet Benachrichtigungen über die Moen Smart Water Network App. Laut einer Lexis Nexis-Studie aus dem Jahr 2020 hat das Gerät gezeigt, dass es die Anzahl der Wasserschadenereignisse um 96% reduziert.
Statistiken zeigen, dass eine von sechs Haushalten innerhalb eines Zeitraums von zehn Jahren einen Wasserschadenanspruch geltend macht, wobei der durchschnittliche Anspruch 12.500 Dollar beträgt. Versicherungsanbieter können kostenlos am Programm teilnehmen, auf Marketingmaterialien zugreifen und Versicherungsnehmer empfehlen, die das Gerät und die Installation direkt von Moen erwerben.
- Device demonstrates 96% reduction in water damage claim events
- Program targets $15 billion annual water damage claims market
- No cost for insurance providers to join the program
- Potential reduction in loss ratios and enhanced profitability for insurance providers
- Costs of device and installation passed on to policyholders
- Program success depends on policyholder adoption and willingness to pay
Insights
Moen's expansion of its Insurance Partner Program represents a strategic move with positive implications for Fortune Brands Innovations (FBIN). By opening access to insurance providers of all sizes rather than just large carriers, Moen substantially expands its addressable market for the Flo Smart Water Monitor and Shutoff device.
The economics are compelling from an insurance perspective. With water damage claims totaling
What's particularly shrewd about this program structure is how Moen positions itself in the value chain. Insurance companies bear minimal financial risk as they simply refer policyholders to Moen, while policyholders directly pay for device and installation costs. This creates a unique distribution channel that leverages insurers' existing customer relationships without requiring capital investment from the carriers.
For FBIN, this represents an efficient customer acquisition strategy that could drive incremental device sales while establishing recurring relationships with insurance partners. The timing aligns with broader industry trends toward preventative smart home technology adoption for risk mitigation. While the program's financial impact will depend on adoption rates and execution, the fundamental value proposition appears sound for all stakeholders involved.
NO LONGER ONLY AVAILABLE FOR LARGE CARRIERS, PROVIDERS CAN NOW SIGN UP TO OFFER THE MOEN® FLO SMART WATER MONITOR AND SHUTOFF TO POLICYHOLDERS AT NO COST
This new program allows any insurance provider to sign up for free and help their policyholders experience the cost-saving benefits of water leak prevention while also limiting damage claim frequency. To learn more, providers can sign up for the Free Informational Webinar at www.Moen.com/FloInfoWebinar.
"Over a ten-year period, one in every six homes will file a claim for water damage with an average claim of
The Smart Water Monitor and Shutoff continuously monitors the pressure and flow rate of water moving through a home's pipes, detecting leaks as small as a drop per minute anywhere in the home. If the device identifies an issue, it will promptly send an alert through the Moen Smart Water Network App, enabling users to turn off the water. In the event of a catastrophic leak, it can be set to automatically shut off the water to prevent major damage. Homeowners also can track water usage by fixture and set conservation goals within the app to further support water-saving efforts.
Getting started is easy for providers:
- Sign up for the Free Informational Webinar at www.Moen.com/FloInfoWebinar.
- Complete the online application.
- Download complete marketing and support materials from Moen.
- Refer policyholders to a special online web form to enroll.
- Policyholders pay Moen for the device and installation (where available) and Moen does the rest.
- Moen assigns an account manager and holds monthly Q&A and info sessions.
To learn more about Moen's Insurance Partner Program sign up for the Free Informational Webinar at www.Moen.com/FloInfoWebinar.
1 Internal Company estimate based on information from sources such as the Insurance Information Institute and the
2 Insurance Information Institute (III): https://www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance
3 Based on a 2020 Lexis Nexis Study of 2,306
ABOUT MOEN
Moen is the #1 consumer faucet brand in
Moen is part of Fortune Brands Innovations, Inc. (NYSE: FBIN), a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Moen anchors Water Innovations (WINN), which also includes several brands under the House of Rohl® including Perrin & Rowe®, ROHL®, Riobel®, Shaws® and Victoria + Albert®. Fortune Brands' other brands include Fiberon® composite decking and railing products; Master Lock®, Yale® residential, August® and Sentry® Safe security products; LARSON® storm doors and Therma-Tru® entry door systems. For more information, please visit www.FBIN.com.
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FAQ
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