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Hiscox and LeakBot announce tie-up

Hiscox and LeakBot announce tie-up | Insurance Business UK

Hiscox and LeakBot announce tie-up

Hiscox has partnered with LeakBot to become the first UK insurer to offer the latter’s leak detection system to all its buildings insurance policyholders at no cost. 

“Much like our customers, our goal is to protect their homes and smart solutions like LeakBot will become an increasingly fundamental part of this,” said Hiscox UK propositions head Phil Thorn. “It’s often the smallest, hidden leaks that go undetected and ultimately cause the most damage, so spotting these early is essential.

“Whether it’s a burst pipe or just a leaking tap, Hiscox is covering the cost of one specialist engineer visit per year to ensure expert support is on hand if a leak is detected.”

The free LeakBot smart water device and annual engineer visit will be available to both new and existing customers.

In 2018 the average cost of all Hiscox Home Insurance closed escape of water claims stood at £8,500.

Commenting on the tie-up, LeakBot chief executive Craig Foster noted: “We are excited to announce Hiscox as our first UK insurance partner to offer LeakBot to all of their new and existing customers. This partnership will see the major rollout of LeakBot across homes in the UK, which will significantly reduce problems caused by escape of water damage.

“LeakBot is a pioneer in addressing the problem of unnecessary escape of water claims and we look forward to providing great value to Hiscox and their customers.”