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Wint Water Intelligence PLC said Friday it would partner with Munich Re’s Hartford Steam Boiler Inspection and Insurance Co. to provide a warranty program for water damage in the construction industry offering up to $250,000 of financial relief.
The HSB warranty program is available for contractors and developers who use Wint to protect job sites from water damage. In the event the Wint system fails to prevent water leak damage, HSB will reimburse the cost of resulting water damage up to $250,000, a statement said.
Wint’s devices are installed along the sprinkler supply and use artificial intelligence to detect exceptionally low drip rates, according to the company. This includes automated leak mitigation, real-time detection and auto shutoff, anomaly detection and analytics-powered artificial intelligence algorithms, backup power to ensure uninterrupted water management, and valve activation even during power outages.