Save Money
on Insurance
In this tough market, it’s becoming more and more challenging to find insurance capacity. Buildings have a high frequency of claims, with water damage being the biggest source of loss. There is so much risk that some insurers have withdrawn from the market, while others have raised premiums up to 780% and increased deductibles up to $500,000.
Multi-residential high-rises have a 30% chance of making a claim each year.
Costs are increasing and it is increasingly challenging to find insurance capacity.
The average cost of a multi-residential claim ranges from $150,000 to $250,000.
Approximately 48% of insurance claims are due to water.
SAVINGS
on front end premiums
When Connected Sensors products and monitoring are incorporated into the building
SAVINGS
on rate guarantees and renewal discounts
SAVINGS
on future claims with consistent avoidance
SAVINGS
for tenants and owners in our insurance savings program
Ask us how you can…
- Add sub metering to your building to lower your water cost even further; charge the expenses back to tenants, or save on water costs by finding leaks
- Better understand your budgeting cost and trends; using our technology to detect leaks, managing water consumption and utility costs
- Use our reporting to identify areas of opportunity for further savings around water
- Further reduce your building risk and probability of flood with our flood mitigation solution
Invest in Connected Sensors water management solution
Reduce the risk of floods to appeal to underwriters
Reduce the building risk for more cost effective insurance