Frontdoor and Moen Join Forces for Customer Safety
In a significant move aimed at enhancing residential protection, Frontdoor, Inc. (NASDAQ: FTDR), a leader in home warranties, announced its expansion of the collaboration with Moen. This initiative extends their service agreement into six additional states, thereby bringing their total operational states to 14. This expansion reflects a shared commitment to helping homeowners mitigate the risks of water damage, a serious concern for many.
Details of the Expansion
The newly included states are Connecticut, Illinois, Kansas, Michigan, New Jersey, and Tennessee, joining previously established states California, Arizona, Utah, Idaho, Oregon, Texas, Georgia, and South Carolina. This initiative commenced on January 31 and has already set a strong precedent for effective water management solutions.
Transforming Home Protection
According to Kathy Collins, Chief Revenue Officer at Frontdoor, the expanded partnership with Moen exemplifies how they leverage their extensive network of independent contractors to enhance service delivery:
“We are delighted to expand our agreement with Moen even further. This relationship continues to be a great example of how we are able to leverage our nationwide network of independent contractors to create on-demand revenue. We look forward to exploring additional opportunities with Moen in the future.”
Advanced Technology for Leak Detection
Jeff Barnes, Moen’s Vice President of Business Development, emphasized their mission to reduce insurance claims stemming from water damage due to leaks:
“Our goal is to decrease insurance claims related to catastrophic water damage. The Moen device offers an AI-driven solution that has been proven to reduce 96% of non-weather-related water insurance claims. This further expansion of our relationship with Frontdoor enables us to offer Flo with installation bundled into one price to even more homeowners.”
Enhancing Homeowner Experience
The Moen Smart Water Monitor and Shutoff serves as a critical tool in protecting homes against leaks, continuously monitoring water pressure and flow rates within a home’s plumbing. The innovative Microleak™ Technology can detect leaks as minimal as a single drop per minute. If a potential issue is identified, the device sends instant alerts via the Moen Smart Water App, allowing homeowners to turn off the water supply or activate automatic shutoff to prevent extensive damage.
Cost-Effective Solutions for Homeowners
Furthermore, under this expanded agreement, customers purchasing the Moen Flo system will receive a complimentary year of Frontdoor Unlimited membership, which adds considerable value by integrating various home service offerings into one package.
About Frontdoor, Inc.
Frontdoor is recognized as a pioneer in home warranty services, offering comprehensive coverage and speedy solutions for residential issues. The company provides an array of services that include traditional home warranty coverage through its renowned brands, American Home Shield and 2-10 Home Buyers Warranty. With over 50 years of experience and a commitment to quality service, Frontdoor supports more than two million members nationwide.
About Moen
Moen is the leading faucet brand in North America, known for its stylish designs and innovative technology. The company provides a variety of residential products that encompass kitchen and bath faucets, showerheads, and advanced leak detection solutions. Moen is dedicated to improving how homeowners interact with and manage water in their daily lives. As a segment of Fortune Brands Innovations, Inc. (NYSE: FBIN), Moen holds a robust portfolio that aims to elevate the consumer experience.
Frequently Asked Questions
What is the purpose of the partnership between Frontdoor and Moen?
The partnership aims to help homeowners prevent water damage through the installation of advanced monitoring and shutoff devices.
Which states are included in the new expansion?
The expansion includes Connecticut, Illinois, Kansas, Michigan, New Jersey, and Tennessee, adding to the previously announced states.
How does the Moen Smart Water Monitor work?
The device monitors water pressure and flow rates, detecting leaks as small as a drop per minute and sending alerts to homeowners.
What additional benefits come with purchasing Moen Flo?
Customers will receive a free year of Frontdoor Unlimited membership, which offers a range of home service solutions.
What is Frontdoor's experience in the home warranty industry?
With over 50 years in the industry, Frontdoor has built a strong reputation for providing quality service and innovative home repair solutions through their established brands.
