Mercury Insurance announced it will be subsidizing the cost of smart home water monitoring devices from Flo by Moen and Flume, providing California homeowners policyholders with two options to better protect their home from water damage. Mercury will cover $400 for the Flo by Moen Smart Water Shutoff device with professional installation by a verified plumber from the Moen Plumbing Network, and policyholders will be eligible to receive a 10% discount on a portion of their Mercury homeowners policy. Alternatively, policyholders may also choose to install a device by Flume, which will be reduced to just $75 (plus tax and shipping) after the Mercury-funded $124 instant rebate is applied.
Mercury’s water leak detection program is designed to help homeowners reduce the leading cause of home damage – on average, more than 40% of a home’s premium in California is attributable to the non-weather water peril. Due to a water loss, homeowners may lose access to their kitchens or bathrooms and, in some cases, have to move out entirely for months.
Mercury’s water leak detection program is available at www.MercuryInsurance.com/leak-detection or by contacting a Mercury agent.
“Water leaks are preventable,” said Mercury Insurance Vice President and Chief Underwriting Officer Victor Joseph, who’s also a user of the Flo by Moen Water Shutoff device. “The key is catching them early to minimize the damage. This is achievable through our partnerships with Flo by Moen and Flume smart water leak detection devices, which can discover large, small and in some cases, even hidden leaks.
“We’re here to help our policyholders by taking on most of the upfront financial investment to purchase and install these devices. And once they have installed a Flo by Moen device, they’ll get a discount on their insurance, too!”
The Flo by Moen Smart Water Shutoff installs on the home’s main water line to prevent water damage and water loss by proactively detecting micro-leaks and other vulnerabilities anywhere in a home’s water supply. When a homeowner has the Flo by Moen Smart Water Shutoff installed in their home, the chances their home will sustain damage is significantly reduced.
“Having experienced catastrophic water damage myself, I know firsthand how expensive it can be and how much damage it can cause to the home,” said Flo Technologies CEO and Co-Founder Gabe Halimi. “And with water damage more likely to occur than theft and fire, we are committed to helping Mercury policyholders avoid that situation at all costs.”
The Flume 2 works with virtually any water meter and is easily self-installed in minutes. The corresponding app allows users to view and monitor indoor and outdoor water use from anywhere, at any time. This increased visibility provides complete home protection by catching and alerting users of leaks as they happen, inside and outside of the home. To date the use of Flume products have resulted in lower water bills and the avoidance of potential catastrophic property damage due to leaks. Flume customers reduce water consumption by at least 10% year over year. More than 37% of users find a leak within one week of installation, and more than 70% of all Flume users will find a leak over time. Flume digitizes 4.9 million gallons per day, and in 2020 alone Flume digitized more than one billion gallons of water.
“Homeowners are becoming more concerned about their water use than ever before,” said Flume CEO and Co-founder Eric Adler. “Flume provides critical intel that allows homeowners to understand their usage while also identifying leaks inside and outside of the home, and in turn preventing potentially catastrophic and costly damage. Together, with Mercury, we’ll be able to protect policyholder’s homes better than ever before.”
Following are key benefits from Mercury’s water leak detection program:
Mercury Insurance has a broad array of optional coverages to protect against exposures faced by today’s homeowners, including Home Systems Protection, Service Line Protection, Identity Management Services and Home Cyber Protection.
Tweet the news: Water smarts meet savings with the launch of @MercuryIns new smart home subsidy coupled with a homeowners discount. Check it out today. www.MercuryInsurance.com/leak-detection
About Mercury Insurance
Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and business insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information, visit www.mercuryinsurance.com or follow the company on Facebook, Instagram, and Twitter.
About Flo by Moen
Flo by Moen is on a mission to prevent loss one drip at a time with its whole-home water monitoring and leak protection system. Flo by Moen’s smart home water security system gives homeowners the products and information they need to proactively prevent water damage and unnecessary water waste. With decades of plumbing expertise, Flo is committed to helping prevent this water waste and protect every U.S. home from serious water damage. Flo is so confident in its system that it offers an optional guarantee of effectiveness for up to $5,000 towards your insurance deductible via its FloProtect™ Plan. To learn more, visit www.meetflo.com. Find Flo by Moen on Facebook, Instagram, and Twitter.
Inspired by California’s record drought, Flume empowers homeowners to better understand their usage and conserve water. By providing real-time water use information, Flume protects the home, puts the power of water consumption and conservation in the customer’s hands, and improves the relationship with our most precious resource. The Flume® Smart Water System consists of an easy-to-install sensor that adapts to most existing home water meters, which communicates water use to the homeowner in real-time. To date, Flume has tens of thousands of devices installed across the United States. Learn more at www.flumewater.com.