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.
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.