Ondo Insurtech partners with Indiana Farm Bureau Insurance
Ondo Insurtech announced a contract between Peril Protect and LeakBot USA Inc. to provide LeakBot devices and services to Indiana Farm Bureau Insurance’s homeowners insurance customers.
Indiana Farm Bureau Insurance is among Indiana’s largest homeowners insurance carriers, with over $200 million in written premium. The agreement aims to deploy LeakBot in at least 10,000 homes over the next year, with a minimum term of two years.
As with other deals, the agreement includes upfront payments ahead of shipments.
“We are pleased to add Indiana Farm Bureau Insurance as our 20th insurance customer worldwide and sixth in the U.S. This is also a milestone in the U.S. as it is the first time a U.S. customer has gone straight to a programmatic rollout and skipped the pilot stage, given the already demonstrable results with other partners.” – Craig Foster, Ondo CEO.
“Indiana Farm Bureau Insurance created it’s Smart Home Protection Program to help its clients be proactive in protecting their homes and valuables. When it comes to a water event, early detection can be the difference between a minor inconvenience and a major loss. We’re proud to work with LeakBot to offer Indiana Farm Bureau Insurance homeowners insurance customers technology to take a proactive approach in protecting their homes against water losses, so they can minimize the frustration that comes with filing a claim, remediation and repairs – not to mention the disruption to daily life.” – Isaiah Blackburn, Business Operations Manager for Peril Protect.
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