Amica Insurance Partners with Flume for Water Leak Detection in RI and CT
What happened
Amica Insurance announced a partnership with Flume to provide smart water leak detection services to home policyholders in Rhode Island and Connecticut. The program offers a no-cost Flume Smart Home Water Monitor and three years of leak monitoring service. Water damage from plumbing leaks is cited as a common and costly cause of homeowners insurance claims, with the average claim exceeding $21,000.
From insurancejournal.com
Why it matters
The partnership aims to proactively identify water problems before they become major losses. Flume reported that a study of insurance carriers found that homes using its service experienced a 60% reduction in water damage claim frequency.
From insurancejournal.com
Who's involved
- FlumeTechnology firm providing the smart water leak detection monitoring service
- Rhode IslandState where Amica Insurance is providing the leak detection program
- ConnecticutState where Amica Insurance is providing the leak detection program
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FlumeSpeculative
Flume might see increased revenue and expanded market reach through the partnership with Amica Insurance.
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The entities involved
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Rhode Island
state of the United States of America
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Connecticut
state of the United States of America