Reducing Non-Weather Water Loss with IoT

LeakBot's 65,000 years of US underwriting data proves actuarially relevant loss mitigation: mature programs cut non-weather mains-related water claims ~60%, and the $5/month all-in model delivers positive ROI across market segments.

Leakbot
The Problem

Most IoT loss-prevention studies don’t survive actuarial scrutiny — underpowered samples, uncorrected selection bias, and hidden program costs have left carriers unable to trust the ROI case for smart-home safety programs, or to justify scaling one past a pilot.

Why It Happens

Proving a sensor prevented a claim runs into three structural problems: there’s no dated invoice for a loss that never happened, early results are skewed by anti-selection bias and poor test design, and the real benefit only emerges once a program has matured well beyond its first few months. Most vendor studies are sized and timed to miss all three.

The Solution

Back solutions that have already cleared the actuarial bar — tens of thousands of device-exposure years, cohort-level (not anecdotal) evidence, and documented, auditable repair records — rather than programs still running on pilot-stage promises.

Results

The synthesized results from four home insurance partners with mature deployments and statistically relevant underwriting years of data are as follows:

  • 60% of non-weather water losses occur on the pressurized side of the water system (Mains water)
  • 40% of non-weather water losses occur on the drain side of the water system
  • 60% reduction in the frequency of non-weather water losses coming from the pressurized side of the water system
  • ROI of 40% in mass market homes, 163% in mass affluent homes, and 980% in high-net-worth homes

 

Leakbot

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Leakbot

LeakBot is the only end-to-end IoT solution protecting homes from water damage—one that begins with leak detection and can end with a free repair. Backed by more than 10 years in business and 29 patents, a single self-installed device clips onto the home's main water supply line, monitoring water usage and detecting micro-leaks as small as one teaspoon per minute. When a leak is detected, the homeowner can book an appointment for LeakBot's trained employee plumbers to visit, locate, and repair it using specialty equipment — at no additional cost to carrier or homeowner. Homeowners consistently recognize LeakBot's value, reflected in a Net Promoter Score of 82/100 and Customer Satisfaction Rating of 4.9/5. That impact is especially powerful when a hidden micro-leak is found and fixed before it becomes a claim—or a costly plumber bill. That's #PredictAndPrevent in action.