Grange Insurance Association launches a single state telematics initiative
Roost announced it has partnered with Grange Insurance Association. In an agreement intended to mitigate water leak claims costs and enable digital engagement with home policyholders, Grange Insurance Association will offer free Roost Smart Water Leak and Freeze Detectors to select policyholders throughout Idaho.
Established in 1894, Grange Insurance Association is a super small regional insurer operating in 6 states. Its direct premiums written in 2018 totaled $164 million and in Idaho, it wrote $4.9 million in DPW for Fire, Allied, Home, and MP lines of business in 2018, according to S&P Global.
Qualifying policyholders will be offered the Roost Smart Water Leak and Freeze Detectors in order to help reduce water leak claims by providing early warning notifications. Policyholders will be able to access enhanced Roost services such as severe weather alerts from IBM/The Weather Company and home service pro access from HomeAdvisor via the GIA Home Alert app.
“We’re excited to be partnering with Roost to provide our qualifying Idaho policyholders with their innovative smart water leak and freeze detectors. Providing real value to our policyholders is a top priority, so working with Roost is a great fit for us.” – Doug Wertman, VP of Underwriting and Product Development of Grange Insurance Association.
The Roost Smart Water Leak and Freeze Detectors are designed to sense water leaks as well as humidity and freezing temperature situations. Each detector can be easily located in places around the home most prone to water leaks such as under kitchen sinks, hot water heaters, toilets and various appliances. It then delivers smartphone alerts via the GIA – Home Alert app to help minimize water damage and loss.
“We are very pleased to be working with Grange Insurance Association to deliver smart sensors to their policyholders. We are looking forward to seeing the Roost solution help mitigate Grange Insurance Association’s water leak claim costs and improve customer retention.” – Roel Peeters, CEO and Co-Founder of Roost .
Bottom Line: Don’t hold your breath waiting for a follow-up announcement or state expansion.