Any Size Insurance Agency Or Carrier Can Now Partner With Moen To Help Reduce Non-Weather Water Damage Claims, Improving Loss Ratios & Enhancing Profitability

(MENAFN- PR Newswire) This new program allows any insurance provider to sign up for free and help their policyholders experience the cost-saving benefits of water leak prevention while also limiting damage claim frequency. To learn more, providers can sign up for the Free Informational Webinar at .

"Over a ten-year period, one in every six homes will file a claim for water damage with an average claim of $12,500,²"said Jeff Barnes, vice president, business development, Moen. "By participating in Moen's new Insurance Partner Program, insurance providers can encourage homeowners to install the Flo Smart Water Monitor and Shutoff and thereby help reduce the likelihood of these expensive claims, since the device has been shown to decrease water damage claim events by 96%³."

The Smart Water Monitor and Shutoff continuously monitors the pressure and flow rate of water moving through a home's pipes, detecting leaks as small as a drop per minute anywhere in the home. If the device identifies an issue, it will promptly send an alert through the Moen Smart Water Network App, enabling users to turn off the water. In the event of a catastrophic leak, it can be set to automatically shut off the water to prevent major damage. Homeowners also can track water usage by fixture and set conservation goals within the app to further support water-saving efforts.

Getting started is easy for providers:

• Sign up for the Free Informational Webinar at .
• Complete the online application.
• Download complete marketing and support materials from Moen.
• Refer policyholders to a special online web form to enroll.
• Policyholders pay Moen for the device and installation (where available) and Moen does the rest.
• Moen assigns an account manager and holds monthly Q&A and info sessions.

To learn more about Moen's Insurance Partner Program sign up for the Free Informational Webinar at .

¹ Internal Company estimate based on information from sources such as the Insurance Information Institute and the U.S. Census Bureau
² Insurance Information Institute (III):
³ Based on a 2020 Lexis Nexis Study of 2,306 U.S. homes with a Flo Shutoff device.

ABOUT MOEN

Moen is the #1 consumer faucet brand in North America, offering a vast array of stylish and innovative kitchen and bath faucets, showerheads, accessories, bath safety products, kitchen sinks, garbage disposals, leak detection products and connected home offerings for residential applications that give consumers more power than ever before to understand and control the water that flows through their homes. These thoughtful designs deliver an exceptional user experience and elevate how people interact with water daily. In addition, Moen^® Commercial offers superior-performing products that can deliver lower lifetime costs for today's facilities.

Moen is part of Fortune Brands Innovations, Inc. (NYSE: FBIN ), a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Moen anchors Water Innovations (WINN), which also includes several brands under the House of Rohl^® including Perrin & Rowe^®, ROHL^®, Riobel^®, Shaws^® and Victoria + Albert^®. Fortune Brands' other brands include Fiberon^® composite decking and railing products; Master Lock^®, Yale^® residential, August^® and Sentry^® Safe security products; LARSON^® storm doors and Therma-Tru^® entry door systems. For more information, please visit .

SOURCE Moen

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