Shipshape Announces Advanced Leak Detection Solution to Save Homeowners and Insurance Companies Billions of Dollars a Year

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Austin, Texas – (BUSINESS WIRE) – Shipshape, a company with a mission to make homes smart enough to be self-sufficient, announced the launch of its Advanced Leak Detection solution, designed to help homeowners and their insurance providers save billions of dollars on water damage annually .

The increase in severe weather has increased the need for effective home surveillance systems. Extreme cold spells are increasingly causing water damage through burst pipes. Reports of frozen and ruptured water pipes in homes have been widespread in the wake of the recent extreme storms in Texas.

Water security systems like internet-connected leak sensors and valves can help, but homeowners are finding this new technology difficult to adopt. Insurance discounts make these upgrades more attractive; However, homeowners often find the process difficult to navigate. To actually reduce damage from water damage, insurance companies need to ensure that water security systems stay connected and that action is taken if a leak is detected.

Shipshape’s new Advanced Leak Detection offers a complete solution for insurance providers and makes it easier for homeowners to adopt water security systems.

“We recently helped a homeowner save over 10% on their annual insurance premium and made the decision to install a water security system in a financially sound manner from day one,” said Bob Tetenbaum, chief marketing officer at Shipshape.

Download the Shipshape app today to access this new solution and Shipshape Assisted Maintenance will help you:

1. Choose the most connected devices for your home

2. Make installation easier

3. Integrate your smart home devices with Shipshape

4. Secure your insurance discount

With a leak sensor or water valve built into the Shipshape app, homeowners can take advantage of the power of the Shipshape platform. The benefits include:

• 24/7 Pro Monitoring – Many insurance discounts require professional monitoring. Our resident home maintenance experts monitor homes from the Shipshape Command Center in Birmingham Alabama.

• AlertActions ™ – All your smart home alerts in one place. When a problem is predicted and a performance improvement recommended, Shipshape Intelligence generates AlertActions, making it easy for homeowners to take action and get help from a professional when needed.

• Service Provider Network – Instantly connect to a professional who can actually solve the problem. Shipshape maintains a quality assured and audited network of service providers that uses unparalleled data to provide homeowners with a good quality experience. In addition to sanitary and water renovation, our network of providers extends to HVAC, weathering, foundation repairs and much more.

• Remote Access Management – What If A Problem Is Detected When You Are Away From Home? Shipshape offers door lock integrations that you can use to grant access to a service provider in the event of an emergency.

• Device Management – Homeowners can leverage smart features like MyBudgeting, Shipshape Assisted Maintenance, and MyProviders to reduce the overall cost and hassle of owning and operating each home appliance.

• Shipshape Utilities Saving Strategies – By using connected water meters and information about the house, Shipshape can help save money on water and electricity.

• Shipshape Insurance Savings Strategies – allow easy navigation through qualified programs and access to discounts that make this technology more affordable for homeowners.

Every year, every fiftieth home in the United States is hit by over $ 9 billion in water damage insurance claims. “Water leak detection devices can help reduce the incidence of water leaks by up to 96%,” said a Lexis Nexis report. The benefits of water security systems extend to the community and the environment as well. Leaks are often a financial disaster for low-income homeowners, and health consequences can leave residents suffering long after the leak has stopped. Saving water is more important than ever and many of the water shut-off valves come with meters attached that can help identify patterns and save water.

In recent years, new technologies and innovative programs from insurance providers have emerged, but there is still a need to help homeowners adopt this powerful technology. The Shipshape Advanced Leak Detection solution is unique on the market. It unlocks the value of networked devices by introducing value-added functions. “Shipshape always aims to find the win-win-win situation by creating new value in the market. The Advanced Leak Detection solution is a great opportunity to help homeowners, connected device manufacturers, insurance companies and the local communities we serve, ”said Alexander Linn, CEO of Shipshape.

About Shipshape Solutions Inc.

Shipshape is committed to making homes smart enough to take care of themselves. Shipshape believes that every home should be safe, reliable, efficient and well-maintained. The company operates a first proprietary smart home predictive maintenance platform that provides homeowners with solutions to reduce home maintenance and operation costs. The Shipshape platform integrates an ecosystem of smart home hardware to enable advanced analysis and recommend actions that reduce risk and improve system performance. Shipshape’s software platform unlocks the value of sensor data to enable a whole new era of the smart home.

Shipshape is based in Austin, TX. More information is available at http://www.shipshape.ai.

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