Frontdoor, Inc. Enhances Partnership with Moen for Water Safety
Frontdoor, Inc. Partners with Moen for Home Water Safety
Frontdoor, Inc. (NASDAQ: FTDR), recognized as the leading provider of home warranties in the United States, has announced a significant expansion of its collaboration with Moen. This new agreement includes the installation of the innovative Moen Flo Smart Water Monitor and Shutoff in seven additional states. By incorporating these advanced water shut-off valves into select marketing programs for home insurance providers, Frontdoor aims to enhance water safety and leak prevention for homeowners.
Expanding the Agreement Across New States
As part of this partnership, Frontdoor will offer installation services in states including Arizona, Utah, Idaho, Oregon, Texas, Georgia, and South Carolina, effective from November 1. This expansion builds upon an existing arrangement to conduct installations in California. The proactive approach aims to address and mitigate the rising risks associated with residential water damage.
The Purpose Behind the Expansion
Chief Revenue Officer Kathy Collins emphasized the excitement surrounding this development, stating it allows them to leverage their vast network of independent contractors. This relationship is an excellent opportunity for Frontdoor to grow its on-demand revenue model while providing invaluable services to customers.
Benefits of the Moen Flo Device
The Moen Flo Smart Water Monitor stands out by not only monitoring water usage but also offering leak detection capabilities. When a catastrophic leak is identified, the device will automatically shut off the water supply, protecting homes from extensive water damage.
Insurance Benefits and Customer Support
Insurance providers have increasingly prioritized the installation of leak detection systems, recognizing their potential to reduce insurance claims related to catastrophic water incidents. Jeff Barnes, vice president of business development for Moen Smart Water, commented on the anticipated impact of this agreement, which could significantly decrease water damage claims by up to 96%.
Additional Services for Moen Flo Customers
In addition to installation services, customers opting for the Moen Flo device will receive a complimentary year of Frontdoor Unlimited membership. This membership offers a comprehensive suite of home repair and maintenance resources, ensuring homeowners have access to timely assistance should any issues arise. Customers can connect to Frontdoor plumbing experts through video consultations or schedule in-person service as needed.
More About Frontdoor and Moen
Frontdoor is reinventing home maintenance and repair. Our innovative app connects homeowners with professional contractors, providing real-time solutions for repairs and proactive maintenance. With over 50 years of experience, Frontdoor offers substantial peace of mind to its members through exceptional service and a wide range of coverage appropriate for various home systems and appliances.
Moen, the top consumer faucet brand in North America, provides innovative products that enhance everyday experiences with water. With a commitment to quality and customer satisfaction, Moen is part of Fortune Brands Innovations, Inc. (NYSE: FBIN), known for pioneering solutions in home products and services.
Frequently Asked Questions
What is the purpose of the agreement between Frontdoor and Moen?
The agreement aims to enhance home safety by providing advanced leak detection technology through the Moen Flo Smart Water Monitor and Shutoff in several new states.
Which states will benefit from the Frontdoor and Moen partnership?
Arizona, Utah, Idaho, Oregon, Texas, Georgia, and South Carolina will be the new states included in the expanded partnership for installations of Moen Flo devices.
What benefits do customers receive from the Moen Flo device?
The Moen Flo device offers leak detection, automatic shut-off during catastrophic leaks, and reduces potential insurance claims related to water damage.
How can customers receive support through Frontdoor?
Customers can connect with plumbing experts via video chat or schedule in-person help through Frontdoor’s network of independent contractors.
What does the Frontdoor Unlimited membership provide?
Frontdoor Unlimited membership grants customers comprehensive home repair resources and assistance for one year, included for free with Moen Flo installations.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
