Any Size Insurance Agency or Carrier Can Now Partner with Moen to Help Reduce Non-Weather Water Damage Claims, Improving Loss Ratios & Enhancing Profitability

Core Insights - Moen has launched an Insurance Partner Program aimed at reducing water damage claims for insurance providers of all sizes, allowing them to offer the Moen® Flo Smart Water Monitor and Shutoff to policyholders at no cost [1][2][3] Group 1: Program Details - The program is designed to help insurance providers limit water damage claims, which cost insurers over $15 billion annually [1][2] - Insurance providers can sign up for the program for free and promote the benefits of water leak prevention to their policyholders [2][4] - The Flo Smart Water Monitor and Shutoff can reduce water damage claim events by 96%, as evidenced by a 2020 study [3][4] Group 2: Product Features - The device continuously monitors water pressure and flow, detecting leaks as small as a drop per minute [3] - It sends alerts through the Moen Smart Water Network App and can automatically shut off water in case of a catastrophic leak [3] - Homeowners can track water usage and set conservation goals through the app [3] Group 3: Implementation Process - Providers can easily get started by signing up for a free informational webinar and completing an online application [4][7] - Policyholders are responsible for paying for the device and installation, while Moen manages the rest of the process [7] - Moen assigns an account manager to support providers and holds monthly Q&A sessions [7] Group 4: Company Background - Moen is the leading consumer faucet brand in North America, offering a wide range of innovative products for residential applications [5] - The company is part of Fortune Brands Innovations, Inc., which focuses on various home products and commercial building markets [6][8]