Mercury Insurance enhances partnership with Flume for Fix a Leak Week
In a significant announcement that promises both savings and enhanced home protection for its customers, Mercury Insurance has declared the continuation of its fruitful partnership with Flume, a pioneer in smart water loss prevention technology. This collaboration is set to offer Mercury policyholders a notable 25% discount on the retail price of Flume’s devices during Fix a Leak Week (March 18-24). Moreover, in select states, Mercury will also provide discounts on homeowners insurance premiums once the Flume device is installed, maintaining this discount for as long as the device remains active.
Adam Bakonis, a Senior Product Manager at Mercury, expressed enthusiasm about the ongoing partnership, emphasizing the company’s commitment to customer satisfaction and loss prevention. “Water leaks are the leading cause of non-weather-related homeowner losses. Saving our customers money while providing them multiple layers of protection means we are doing our job,” Bakonis stated, underscoring the critical nature of addressing water leak issues promptly.
Flume’s Smart Home Water Monitor, compatible with approximately 95% of residential water meters in the United States, offers a simple yet effective solution to water management and leak prevention. The device, which can be installed in about 10 minutes, straps to your water meter and connects to an app on your smartphone, delivering real-time water usage data and instant leak detection notifications.
Statistical data from Flume reveals that 70% of users discover a leak within the first 30 days of use, with 10% of homes identifying leaks that waste more than 90 gallons of water daily. These insights highlight the critical role of Flume’s technology in conserving water and preventing property damage.
Moreover, the Flume app enhances water management efficiency through machine learning, providing detailed insights into indoor and outdoor water usage. This innovation not only helps in conserving water but also significantly reduces the risk of costly home repairs due to undetected leaks.
Mercury Insurance, known for its comprehensive coverage options across multiple states, extends these discounts on homeowners policies in Arizona, California, Georgia, Illinois, New Jersey, Nevada, Oregon, Texas, and Virginia. This initiative reflects Mercury’s broader commitment to leveraging smart home technologies to provide value-added services to its policyholders, promoting energy conservation and enhancing home protection.
Mercury Insurance’s extension of the Flume partnership for Fix a Leak Week is a strategic move that underscores the growing importance of smart home technologies in the insurance industry. By offering discounts on both the Flume device and homeowners insurance, Mercury not only encourages water conservation but also facilitates proactive home management. This approach not only benefits consumers by reducing their insurance premiums and water bills but also aligns with broader environmental sustainability goals. It represents a forward-thinking strategy that merges technological innovation with customer-centric services, setting a precedent for the integration of smart technologies in the insurance sector.