Core Insights - Moen has partnered with Liberty Mutual Insurance to offer discounts on the Flo Smart Water Monitor and Shutoff devices, aiming to reduce water damage claims and waste significantly [1][2] Company Overview - Moen is recognized as the leading consumer faucet brand in North America, providing a wide range of innovative products for kitchen and bath applications, including leak detection solutions [6] - The company is part of Fortune Brands Innovations, Inc., which focuses on various home products and security markets [7] Industry Context - Water damage claims are a significant financial burden for insurers, with over $15 billion paid out annually, and these claims account for 24% of all homeowner insurance claims [2][8] - The initiative aims to address the estimated one trillion gallons of water wasted annually in the U.S. due to leaks, highlighting a growing concern for water conservation [3][8] Product Features - The Flo Smart Water Monitor and Shutoff continuously monitors water pressure and flow, detecting leaks as small as a drop per minute, and can automatically shut off water to prevent major damage [4] - Users can track water usage and set conservation goals through the Moen Smart Water Network App, enhancing water-saving efforts [4]
Moen Partners with Liberty Mutual Insurance to offer Savings on In-Home Leak Protection