LeakBot enters US market with new partnership

UK water leak alarm system LeakBot has teamed up with MGA SageSure and is now being used in the US for the first time. SageSure has distributed LeakBot sensors to home insurance policyholders in New Jersey. The deal builds on partnerships that LeakBot has already established for use in the UK and Europe.

Paul VanderMarck, chief technology and innovation officer at SageSure, said: “We believe strongly that the role of home insurance should be not just to help homeowners recover quickly from losses but also to proactively help them avoid damage and the associated disruption to their lives.

“The turnkey solution we provide under this programme is yet another example of our investments in leveraging technology to modernise the property insurance business and to expand the value we provide to our policyholders.”

Craig Foster, chief executive officer at LeakBot, added: “We are thrilled to have completed our first successful deployment of LeakBot in the US with SageSure. The opportunity for LeakBot to drive claims savings for carriers in the US is huge with £11.5bn spent every year on water damage claims.”

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