We recently sat down with Matt Parmelee, Manager of Risk Control Services at Brotherhood Mutual Insurance Company, to discuss water damage claims. According to Parmerlee, Brotherhood Mutual had nearly 1,000 customers affected by water damage in 2023. It may not be the dark months of winter right now, but it is the perfect time to take preventative measures to reduce these costly and time-consuming claims. The National Association of Insurance Commissioners (NAIC) reports that water damage claims cost insurers approximately $13 billion annually, making them the second most costly category of insurable claims.
Ask any organization's building team who has just finished cleaning up after a pipe burst if they would have traded their time, energy, and wet clothes for $2,500 to $3,000. Universally, they would likely say, "Yes, we could have raised that money, and we wish we would have!"
For about $2,500 (including our Lightwell discount) plus installation, FloLogic may solve that problem.
In the past, clients have used other services that worked more reactively, sensing water on a floor and alerting the customer of a potential leak. While somewhat effective, significant damage could still occur before the system shut off the water.
What Makes FloLogic Different?
FloLogic is an automated gate valve that shuts off the water once it senses a flow of more than half an ounce per minute. We're talking about one drip per second! Considering that a 2-inch main line can leak up to 200 gallons per minute inside a building, the potential for damage from a massive pipe burst is staggering.
One reason we chose to partner with FloLogic is their exceptional customer service. FloLogic works with a network of over 2,000 plumbers nationwide. In one instance, due to galvanized piping in a church, no plumber was initially willing to install the FloLogic system. However, the company worked with us to find a capable plumber.
The purchase price is $2,400 with installation costs ranging from $400 to $1,000, depending on complexity.
Multiple buildings? Install one FloLogic for each shutoff valve. If you have multiple buildings served by multiple lines, consider installing a FloLogic in each building.
Fire sprinkler systems? Do not install FloLogic upstream from a fire suppression system due to safety issues. If the fire suppression system is on a separate line, that's fine. Otherwise, install FloLogic downstream from the fire suppression system.
Taking this simple step could significantly reduce your risk of a water damage claim. Don't wait for winter—act now to protect your property and save time, money, and hassle.
For more information on the next steps, please visit www.flologic.com/bmic or call 1-877-356-5644.
