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Leak360 enabled insurability

After the third major water damage incident within seven years, the installation of Leak360 enabled us to obtain additional insurance coverage.
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Strategische Dimensionen

Context

Water damage is a growing problem for insurers, both in terms of frequency and cost. This affects premium development for all policyholders as well as the fundamental insurability of water damage.

Properties with repeated damage are becoming increasingly difficult to insure or no longer receive coverage.

Concept

After repeated water damage incidents, such as three major incidents within seven years, the question of continued insurance coverage often arises. Integrating Leak360 provides an innovative solution that enables the maintenance of insurability. Thanks to continuous monitoring and automated instant alerts for leaks, potential damage is detected early and risks are significantly minimized. This not only provides peace of mind but also makes a crucial contribution to the long-term insurability of properties.


Contribution

Leak360 offers a protection concept through continuous monitoring of water circuits and at critical points. This enables increased safety and significantly reduces the risk of water damage.

Our technology enables early detection and rapid response to water damage, reducing the frequency and extent of damage.

Water damage is a growing problem for insurers, both in terms of frequency and cost. This affects premium development for all policyholders as well as the fundamental insurability of water damage.

Properties with repeated damage are becoming increasingly difficult to insure or no longer receive coverage.

Context

1

Leak360 offers a protection concept through continuous monitoring of water circuits and at critical points. This enables increased safety and significantly reduces the risk of water damage.

Our technology enables early detection and rapid response to water damage, reducing the frequency and extent of damage.

Contribution

3

After repeated water damage incidents, such as three major incidents within seven years, the question of continued insurance coverage often arises. Integrating Leak360 provides an innovative solution that enables the maintenance of insurability. Thanks to continuous monitoring and automated instant alerts for leaks, potential damage is detected early and risks are significantly minimized. This not only provides peace of mind but also makes a crucial contribution to the long-term insurability of properties.


Concept

2

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