Insurance Partner Program

Partner with EcoNet Controls & Lower Water Damage Claims

Overview of the Program

Water damage is a leading cause of property claims, accounting for approximately 23% of all homeowner insurance claims annually. With average payouts of over $12,000 per claim, it is a financial burden on insurers and policyholders. Common causes include burst pipes, undetected leaks, and appliance malfunctions.

EcoNet Controls smart leak detection system prevents water damage by detecting leaks early. Our smart leak detection devices monitor for leaks in real-time. Homeowners receive a text message when a leak event happens. Water is immediately shut-off to the whole house with the Bulldog system, preventing a disaster.

For insurers, this means fewer claims, reduced payouts, and risk control.

Did you know?

17,000 homes in North America experience a water damage emergency every day. Each incident represents a potential claim for insurers, on average resulting in payouts exceeding $12,500 per water damage claim.

Why This Matters for Insurance Companies

Water damage claims remain one of the most frequent and costly claims in property insurance. With the installation of EcoNet Controls' smart water leak detection systems, insurers can proactively:

Lower claim frequency by identifying leaks early and preventing them from escalating.
Reduce operational costs associated with investigating and processing water-related claims.
Improve loss ratios by minimizing payouts, especially for non-weather-related water damage incidents that are preventable with early intervention.

By promoting the adoption of smart leak detection technology, insurers benefit from enhanced risk management—two key factors that drive profitability.

Join the program today and protect your insurers

Email: sales@econetcontrols.com today

Insurance Company Benefits

Smart water leak detection systems mitigate water-related risks. With water damage, ranking as one of the most frequent and expensive claims, insurers will see a recution of claim frequency and control payouts

Key Benefits for Insurers:

1. Reduced Payouts and Risk Mitigation

Water damage claims, especially those related to plumbing failures and slow leaks, can accumulate significant costs when not addressed early.
Insurers with smart leak detection systems identify and address leaks early, these systems can prevent small issues from escalating into costly disasters, reducing the overall number of claims.

2. Higher Customer Satisfaction and Retention

Incentivizing smart home upgrades builds trust and engagement with policyholders, increasing their perception of value from the insurer.
According to industry studies, policyholders who receive added-value services like premium discounts or preventive measures are more likely to renew their policies, leading to higher long-term retention rates and fewer policy lapses.

3. Stronger Market Position and Innovation Leadership

As smart home technology adoption rises, insurers offering premium discounts for these solutions become more competitive. This positions them as innovative leaders in risk management, attracting new customers who value proactive safety measures and tech-driven insurance models.

Did You Know?

70% of homeowners would adopt smart technology if it resulted in insurance premium savings.
Water-related claims cost U.S. insurers nearly $20 billion annually, with non-weather-related leaks accounting for a significant portion.

Lead the Way with Proactive Insurance Solutions

Join Econet’s Insurance Partner Program today and unlock the power of proactive risk management. Reduce water damage claims, and offer your customers premium discounts that build trust and loyalty. Get Started Now and take the first step toward a more profitable and customer-centric future.

Join the program today and protect your insurers

Email: sales@econetcontrols.com today

Future-Proofing Insurance with Smart Technology

The insurance landscape is evolving, with technological innovations reshaping risk management strategies. Industry leaders are adopting IoT-based solutions to offer proactive, tech-driven policies. Smart water leak detection systems, like those from EcoNet Controls, represent a major shift toward preventive insurance models.

Why This Matters for the Future:

1. Shift Toward Prevention and Personalization

With IoT technology, insurers transition from reactive claims management to proactive prevention, offering customers personalized policies that incentivize safer behavior.

2. Sustainability and ESG Compliance

Insurers are increasingly prioritizing Environmental, Social, and Governance (ESG) goals. Promoting smart home devices helps customers save water, reduce waste, and align with sustainability goals—enhancing the insurer's brand reputation.

3. New Revenue Streams through Partnerships

Partnering with smart tech companies opens the door for value-added services. Offering product discounts as part of a policyholder package creates opportunities for upselling, cross-selling, and partnerships that enhance profitability.

Did You Know?

85% of insurance executives believe that digital innovation will transform their industry over the next five years.
Proactive insurance models that use IoT devices to prevent losses are expected to reduce non-catastrophic claims by 30-50% over the next decade.

Prepare for the Future of Insurance

Join the EcoNet Controls Insurance Partner Program today and position your company as an innovative leader in smart, sustainable insurance. Enroll Now to reduce claims, improve customer loyalty, and align with the future of risk management.