Moen Launches Inclusive Insurance Program to Mitigate Water Damage
Moen Launches Innovative Insurance Partner Program
In a groundbreaking move aimed at bringing benefits to a broader spectrum of insurance providers, Moen has unveiled its new Insurance Partner Program. This program opens doors for all sizes of insurance agencies and carriers to partner with Moen, allowing them to offer the acclaimed Moen® Flo Smart Water Monitor and Shutoff to their policyholders at no cost. Understanding the critical need to mitigate water damage claims, this initiative is a game-changer for everyone involved.
The Significance of Water Damage Prevention
Water damage is one of the leading causes of insurance claims in the industry, with losses skyrocketing into billions each year. Currently, it is estimated that over $15 billion is paid out annually by insurers due to water damage claims. This staggering figure underscores the importance of effective prevention strategies for both insurers and homeowners.
Your Ability to Impact Homeowners
By joining the Moen Insurance Partner Program, insurance providers can significantly influence the water damage landscape. They can encourage homeowners to embrace innovative solutions that prevent costly water leaks and damages. With statistics indicating that one in every six homes will file a claim for water damage within a decade, even an average claim costing approximately $12,500, the advantage of proactive measures becomes clear.
Understanding the Flo Smart Water Monitor and Shutoff
The Moen Flo Smart Water Monitor offers a sophisticated way to protect homes from potential water damage. It continuously monitors the water pressure and flow rate within home plumbing systems, capable of detecting even minor leaks. If a leak is detected, an immediate alert is sent to homeowners through the Moen Smart Water Network App, allowing them to act swiftly by shutting off the main water supply if necessary. This feature not only prevents damages from minor leaks but can also safeguard homes from catastrophic leaks by automatically shutting off the water supply.
Assisting Policyholders with Smart Technology
The app complements this technology, enabling users to track their water usage meticulously and set conservation goals. This dual benefit of conserving resources while also financially protecting the homeowner proves to be a win-win scenario.
Easy Steps to Join the Program
Getting started as a provider in Moen's Insurance Partner Program is straightforward:
- Providers can register for a free informational webinar to learn more about the program.
- Complete the online application to initiate the partnership.
- Access comprehensive marketing and support materials offered by Moen.
- Direct policyholders to an online web form for easy enrollment.
- Policyholders will pay Moen for the device and installation, while Moen manages the rest of the process.
- Moen assigns an account manager and conducts monthly Q&A sessions to ensure all partner needs are met.
This accessible framework ensures that any insurance provider can engage effectively, enhancing the overall service package they deliver to their customers.
About Moen and Its Mission
Moen stands tall as the leading consumer faucet brand in North America, showcasing a vast portfolio of stylish and innovative products ranging from kitchen faucets to bath safety solutions. The company is committed to enhancing the user experience and empowering consumers to better understand and manage their water usage.
Part of a Larger Network
As part of Fortune Brands Innovations, Inc. (NYSE: FBIN), Moen is not just about improving water experiences; they highlight innovation across multiple kitchen and bath categories. Their dedication to sustainability and efficiency aligns with modern consumer values, making them a leader in the market.
Frequently Asked Questions
What is the Moen Insurance Partner Program?
The Moen Insurance Partner Program is an initiative that allows insurance providers to offer the Flo Smart Water Monitor and Shutoff to policyholders, helping to prevent water damage claims.
Who can participate in the program?
All sizes of insurance carriers, including smaller regional ones, can participate in the program at no cost.
How does the Flo Smart Water Monitor work?
The device monitors water pressure and flow rate, alerts users to leaks, and can shut off the water supply automatically to prevent damages.
What are the benefits of partnering with Moen?
Insurance providers can help reduce claim frequency and costs while offering valuable services to their policyholders that enhance home protection.
How can providers sign up for the program?
Providers can sign up for a free informational webinar and complete an online application to get started.
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