Did you know that the number one cause of property insurance claims is water damage?
The average condo has 1 minor flood per year and 1 major flood every 3 years, resulting in an average loss of $250,000 in damages.
Edgecom Energy’s Smart Flood Detection Solution is an effective and reliable utility cost saving technology that can minimize damage caused by floods at both commercial and residential properties. This can save your property over 10% in Insurance Premiums.
Smart Flood Detection
Alert Labs is a Canadian Company that designs and manufactures a suite of award-winning smart sensors that use a cellular connection to provide reliable, real-time remote monitoring.
As Alert Lab official partner Edgecom Energy is your turnkey solution provider.
Our consultants are with you every step of the way. We will install sensors and meters throughout your facility and integrate everything in our easy-to-use mobile app and web-based dashboard.
You will receive alarms if there is a flood or extra water consumption in your building. These powerful analytics will help reduce utility bills, property damage and repair costs for your commercial or residential building.
As Alert Lab's Official Partner, Edgecom Energy is your Turnkey Solution Provider for Smart Flood Detection
• Instant alerts notify of a flood or abnormal water consumption
• Buildings with Smart Flood Detection pay lower insurance rates
• Battery Powered System protects your building even during power outages
Case Study - Avoiding Floods in Condos
Before deploying Edgecom Energy’s smart flood detection system, the condo was faced with a major flood. One of their tenants had left their unit for a few months and forgot to fully turn off their in-suite HVAC, and left a window open during the winter.
This caused the fan coil to freeze and eventually burst, which resulted in a flood for the entire floor. This damaged the walls, hallways and overloaded the drains.
The cost of the damage was $320,000 and after the insurance claim the building's premium increased from $80,000 to $120,000. Their deductible also increased from $5,000 to $50,000.
The Solution: A Smart flood detection system from Edgecom Energy was installed. The building management will receive alerts if any of the flood detection sensors get wet or if water consumption is higher than expected.
Flood Detection project - the numbers:
Cost of flood damage: $320,000
Insurance premium after the flood: 50% increase
Deductible increased from $5,000 to $50,000
Cost for Flood Detection system: $80,000 for 500 Units