Unlock Insurance Savings with Water Leak Detection Devices
With StreamLabs water mitigation technology and partnerships like insurance, you can protect your home and wallet. These devices don’t just detect leaks—they prevent costly disasters and unlock Insurance benefits that reduce premiums and out-of-pocket expenses. Explore how a water leak detection system delivers peace of mind and homeowner savings.
Take Control of Your Home and Insurance Costs
Insurance companies may offer discounts on on homeowner's policy premiums if you install our tech:
- Many carriers offer discounts on the Control with flow-based leak detection and auto shut-off, the Monitor with flow-based leak detection, and the Scout point-of-leak sensors.
- On an average, the cost of installed system pays for itself in less than 3 years for the Control, an auto-shut off device.
- Based on recent insurance carrier studies, the average water damage loss is approx. $89K.
Why Water Leak Detection Matters for Homeowners
Water damage is the second most common homeowners Insurance claim, accounting for 23% of all claims, according to Nationwide. Every year, 1 in 60 insured homes files a claim due to water damage or freezing, costing an average of $12,500 per incident. Without early detection, these costs skyrocket, often leaving homeowners with irreparable losses. A water leak detection device stops leaks in their tracks, minimizing damage and maximizing savings.
With StreamLabs, you’re not just investing in a device—you’re investing in a proactive solution that aligns with Insurance providers like insurance to offer tangible financial benefits.
Our ultrasonic flowmeter knows when water is running and learns based on your daily behaviors, providing hour-by-hour, day-by-day, and month-by-month data.
How Much Can Homeowners Save with Water Mitigation Devices?
Prevention Savings:
A smart water leak detection device can reduce water damage costs by up to 90% by shutting off water at the first sign of a leak(Chubb, 2020).
Insurance Discounts:
nstalling a device like StreamLabs can earn you discounts of 3-10%on homeowners Insurance premiums, depending on your provider. For a $1,500 annual premium, that’s $45-$150 in annual savings.
Claim Avoidance:
The average water damage claim exceeds $12,500, but with early detection, homeowners avoid thousands in repairs and replacement costs.
Insurance recognizes the value of StreamLabs, making it a top choice for homeowners seeking both protection and savings.
Ready to save on Insurance and protect your home? StreamLabs water leak detection devices are easy to install and proven to deliver results. Contact your Insurance or Insurance provider to see how much you can save with this game-changing technology.