Lower costly property insurance payouts with IoT devices

Water damage is one of the most costly types of property insurance claims, and these claims are among the most common. Fire claims are also often costly affairs for insurance companies. The Internet of Things (IoT) can help lower the insurance payouts as water leaks and fire are detected instantly and remotely with wireless alarms.

Water leaks can go undetected for days, weeks, or months, and a fire will spread quickly if no one is present in the building to act immediately. Time is crucial in both incidents in terms of minimizing damages and lowering insurance payouts.

By including wireless water leakage sensors and fire alarms in your insurtech solution, your customers will get notified instantly in cases of water leaks and fire – even when they are not present in the building. This way, the IoT can help your insurance company minimize damages and lower payouts on property insurance claims.

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Prevent damage from water leakages

With the Water Leak Detector as part of your insurtech solution, your customers will get an early warning in case of leakage and be able to reduce potential damage from their leaking roofs, pipes, or appliances. Through a connected hub, the Water Leak Detector can provide your customer with a notification instantly. In addition, the loud built-in siren notifies anyone within reach.

The Water Leak Detector is designed for leakage detection in private homes as well as camping trailers, caravans, garages. In places with difficult accessibility, an accessory probe can be added to the product for optimal leakage detection. The Water Leak Detector is a white label product offering several customization options.

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Minimize fire damage

By offering your customers to install the Intelligent Smoke Alarm in their buildings, they will be able to act quickly if a fire breaks out. While in the building, the Intelligent Smoke Alarm will warn about smoke using a loud sound. While away, your customer will be notified instantly through an internet-connected hub. This way, the Intelligent Smoke Alarm keeps our customers informed regardless of their location.

The Intelligent Smoke Alarm can be connected to other Intelligent Smoke Alarms placed around the building to make sure everyone is warned. For example, homeowners will hear the alarm of a fire in the basement while they are on the top floor. The Intelligent Smoke Alarm can also notify your customers when the battery gets low. Similar to the Water Leak Detector, the Intelligent Smoke Alarm is a white label product with multiple customization options.

Get to know the Water Leak Detector, the Intelligent Smoke Alarm, and the other IoT products ideal for insurtech solutions here