Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s now the reality for …
LexisNexis Gives Thumbs Up to Water Leak Detectors A study by analytics provider LexisNexis Risk Solutions found that in-line water shutoff systems correlate with a decrease in water claims by 96 percent, confirming the value of smart home technology to …
An instinct for self-preservation has carriers dipping their toes into the smart home technology space, but no U.S. insurer has taken a full plunge so far. The industry hasn’t settled on how it should get devices such as water-leak detectors …