More likely than burglary
More likely than fire
of property insurance claims
of households experience leaks
Damages caused by water leakage are among, if not the highest, cost to Property & Casualty insurance policies reducing profitability and overloading the claim-management teams.
Most of these water damage claims originate due to small yet undetected leaks that exponentially build up while the policyholder is oblivious to the problem.
This poses the question: what innovative technology can insurance carriers adopt capable of engaging the policyholder while detecting this leakage before it results in an expensive claim and optimizing your customer satisfaction? The answer? Shayp.