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Covéa and LeakBot partnership offers a first for brokers

Covéa and LeakBot partnership offers a first for brokers | Insurance Business UK

Covéa and LeakBot partnership offers a first for brokers
For the first time, brokers now have access to a patented leak detection device that could help reduce the cost of their clients’ claims.

Covéa Insurance has announced a tie-up with HomeServe Labs to offer LeakBot, a smart connected water leak detector, to the broker community and specifically their high-net worth customers. It is hoped that via the partnership brokers will be able to differentiate themselves from others on the market and help customers outside the annual renewal cycle.

If you’re unfamiliar with LeakBot, its premise is quite simple. Leaks in the home can, of course, cause major disruption for homeowners especially as they are often hidden with water escaping slowly over a long period – meaning many are unaware until its too late. LeakBot can spot these leaks as they occur, potentially reducing the need for significant home insurance claims.

“The market is being disrupted by smart home innovation and LeakBot provides a quick and effective way for insurance customers to protect their homes and eliminate unnecessary claims,” explained Craig Foster, MD, HomeServe Labs.

“We are excited to partner with respected high net worth insurer, Covéa Insurance and offer LeakBot to its broking community to help make preventable escape of water claims a thing of the past. We share the same values as Covéa Insurance of protecting customers against the worst happening, with the ultimate aim of keeping life moving for customers through our connected device.”

Brokers’ clients, who have an executive home or executive plus policy with Covéa, will also have access to HomeServe engineers free of charge.

“Covéa Insurance are proud to become one of the early pioneers in this space and we are excited to see how the broker community and their customers will benefit,” added Sara Simmons, head of high-net worth at Covéa Insurance. “Insurance brokers can offer the leading edge LeakBot technology fully supported by HomeServe’s Find & Fix service and add further value through their customer insight and years of industry expertise.”

Related stories:
Aviva launches home assistance cover with Homeserve
Aviva offers smart home device LeakBot to clients