Wint Water Intelligence PLC said Friday it would partner with Munich Re’s Hartford Steam Boiler Inspection and Insurance Co. to provide a construction industry water damage warranty program that offers up to $250,000 in financial relief.
The HSB warranty program is available to contractors and developers who use Wint to protect work sites from water damage. In the event the Wint system fails to prevent water seepage damage, HSB will reimburse the cost of resulting water damage up to $250,000, it said in a statement.
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 automatic leak reduction, real-time detection and automatic shutdown, anomaly detection and analytics-driven artificial intelligence algorithms, backup power to ensure uninterrupted water management and valve activation even during power outages.