Frontdoor, Inc. Expands Agreement with Moen for More States
Frontdoor, Inc. (NASDAQ: FTDR), a prominent provider of home warranties, has announced an exciting expansion of its agreement with Moen to enhance home protection services. This development allows for the installation of the Moen Flo Smart Water Monitor and Shutoff in seven additional states, making it available to homeowners concerned about water damage.
Proactive Measures Against Water Damage
The Moen Flo device serves a critical role in water usage monitoring and leak detection. Designed to identify leaks early, it can automatically shut off the water supply to a home in the event of a significant leak. This proactive approach aids homeowners in preventing costly water damage, which is increasingly essential as more insurance providers now require such devices as part of their coverage options.
Expanding Reach to Homeowners
Effective from November 1, the agreement will enable Frontdoor to provide installations across states such as Arizona, Utah, Idaho, Oregon, Texas, Georgia, and South Carolina. This addition builds on a previous agreement allowing installations in California. Frontdoor’s Chief Revenue Officer, Kathy Collins, expressed enthusiasm about leveraging independent contractors to enhance their on-demand service model.
Benefits for Moen Flo Customers
As part of the newly expanded agreement, customers purchasing the Moen Flo will receive a complimentary one-year membership to Frontdoor Unlimited. This app-based service provides a wide array of home repair and maintenance options, equipping users with tools to manage any issues that arise. If the Flo Shutoff detects a leak, customers can either video chat with plumbing experts for immediate assistance or schedule in-person help through Frontdoor’s extensive contractor network.
Understanding the Implications of Water Protection
The cooperation between Frontdoor and Moen is primed to mitigate the risk of water damage claims significantly. According to industry insights, implementing smart devices like the Moen Flo can reduce such claims by as much as 96%. This not only benefits homeowners by safeguarding their property but also aids insurance companies in managing risks more efficiently.
Exploring Future Developments
Both companies recognize the potential of their partnership to fundamentally change home safety standards while enhancing customer experiences. Moving forward, the focus on integrating technology into everyday home management is likely to position Frontdoor as a leader in the home service industry.
About Frontdoor, Inc.
Frontdoor reimagines the way homeowners approach maintenance and repairs. Boasting over 50 years of expertise, it provides customers with a wide range of options to protect their homes through a network of qualified contractors. With American Home Shield, it offers budget-friendly protection covering essential systems and appliances. The Frontdoor app enhances this experience by connecting users with experts in real-time, offering helpful tips, discounts, and more to aid them in home maintenance.
About Moen
Moen has established itself as the leading consumer faucet brand in North America, providing a comprehensive array of innovative products for kitchen and bath solutions. Their focus on thoughtful design not only enhances user experience but also elevates how homeowners interact with water. As part of Fortune Brands Innovations, Inc. (NYSE: FBIN), Moen is dedicated to delivering high-quality products and services that help consumers manage water more effectively.
Frequently Asked Questions
What is the purpose of the Moen Flo device?
The Moen Flo device is designed to monitor water usage and detect leaks, automatically shutting off the water supply if a significant leak occurs.
Which states are included in the expansion of the Frontdoor and Moen agreement?
The expansion includes Arizona, Utah, Idaho, Oregon, Texas, Georgia, and South Carolina.
How does the Frontdoor Unlimited membership benefit customers?
Customers receive a free membership that offers various home repair and maintenance services, along with access to expert consultations.
What is the potential reduction in insurance claims due to using the Moen device?
Using the Moen Flo device can potentially reduce water damage claims by as much as 96%.
How can customers contact Frontdoor for services?
Customers can contact Frontdoor through the app or schedule services via their network of independent contractors as needed.
