Olympus Insurance Partners with Roost

The companies have launched a pilot to explore how the vendor’s home telematics solutions can help mitigate claims, reduce home repair costs, and provide an increased value to homeowners.

(Image credit: Michelle Maria.)

Olympus Insurance Company (Palm Beach Gardens, Fla.) has undertaken a partnership with Roost (Sunnyvale, Calif.) to explore how the vendor’s home telematics solutions can help mitigate claims, reduce home repair costs, and provide an increased value to homeowners, The companies are launching a pilot program to include a specific subset of Olympus Florida policyholders, according to a Roost statement.

Through the pilot, identified Olympus Insurance policyholders will be supplied with a free Roost Smart Water Leak and Freeze Detector, to utilize along with a mobile app as an early warning system for water leaks Roost will provide connectivity through its white labeled mobile app, which is enhanced with severe weather alerts from IBM/The Weather Company and delivers home service pro access from HomeAdvisor.

“Olympus Insurance is very excited to be working with Roost to deliver this innovative technology, which can provide homeowners with a dependable preventive solution to water damage,” comments Jeffrey B. Scott, CEO, Olympus Insurance Company. “We always strive to provide added value, and our focus is on service that goes above and beyond for our policyholders. Distributing the Roost device could be the key to mitigating the ever-present challenge of water damage claims our policyholders face on an annual basis.”

Roel Peeters, CEO, Roost.

The Roost Smart Water Leak and Freeze Detector is designed to sense active water leaks as well as rising humidity or freezing temperatures. The vendor reports that detectors can be easily placed in home areas most prone to water leaks, such as under kitchen sinks, next to hot water heaters, behind toilets or near other water-using appliances such as dishwashers and clothes washing machines. When triggered by changes to the surrounding environment, the device delivers smartphone alerts via the Roost app to help homeowners locate and minimize water damage, reducing associated losses.

Fostering Strong Relationships with Policyholders

“We are very pleased to be working with Olympus Insurance on this pilot program involving their policyholders and our award-winning Roost Smart Water Leak and Freeze Detector,” comments Roel Peeters, co-founder and CEO of Roost. “We anticipate that the success of the program will lead to the introduction of Roost to policyholders across Florida, and the ability for Olympus Insurance to both help mitigate losses for policyholders while creating stronger relationships with them.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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