LOS ANGELES – December 17, 2024 -- Phyn, an industry leader in intelligent water solutions, today announced a partnership with Nationwide, a leader in insurance and financial services, to offer leak detection solutions for new policyholders with high-value homes. As part of the new program, Nationwide customers can receive a 15% discount on Phyn’s award-winning product suite to enhance their home protection plans and safeguard against water-related loss.
With increasing water rates, climate-related challenges, and aging infrastructure, homeowners face growing risks of costly water damage and the need for proactive home maintenance and conservation efforts. By providing whole-home monitoring, early detection, real-time notifications, and automatic water shutoff functions, Phyn helps protect homes from the costly consequences of water leaks, promotes water conservation and offers homeowners peace of mind.
Phyn-protected homes are 99% less likely to experience a non-weather water leak claim, according to an internal Phyn study across 13,500 homes over a three-year period.
“Water damage is one of the most common and costly issues homeowners face,” said Mark Teets, Nationwide’s Associate Vice President of Personal Lines Underwriting Strategy. “With Phyn, we're providing our customers with access to cutting-edge technology to help detect and prevent leaks, reinforcing our commitment to innovative solutions that safeguard their homes and properties.”
“Phyn’s leak detection solutions offer homeowners 24/7 protection and critical insights into their plumbing system,” said Ryan Kim, CEO of Phyn. “Undetected leaks can lead to health risks, home displacement, financial losses, and damage to irreplaceable personal belongings. Our partnership with Nationwide empowers policyholders with the tools to proactively manage these risks, helping them avoid costly water damage and make smarter decisions about their water use.”
Phyn’s Groundbreaking Leak Detection Technology
Phyn’s industry-leading, AI-powered leak detection technology monitors and analyzes tiny fluctuations in water pressure – 240 times per second – to identify and categorize every water fixture in a home. This unprecedented insight into the plumbing system allows Phyn to alert homeowners immediately when a leak is detected, helping prevent expensive water damage. Whether it's a small drip or a major pipe burst, Phyn provides round-the-clock monitoring and equips homeowners with the tools to keep their homes secure from water-related issues.
Phyn’s Suite of Smart Water Solutions
Eligible policyholders1 can now save 15% on Phyn’s portfolio of smart water solutions. From the professionally installed Phyn Plus, equipped with a built-in shutoff valve, to the more consumer-friendly DIY Smart Water Assistant and compact Smart Water Sensor, Phyn’s suite of products provide powerful leak detection and cost savings.
For more information about Phyn’s smart water solutions available to Nationwide policyholders, click here. And explore how Phyn is reducing losses and improving homeowner protection at www.phyn.com.
About Phyn
Phyn is the leading intelligent water brand, bringing solutions to market that help people protect their homes, conserve water and save money. Built upon nearly a decade of research and patented technological innovation, Phyn is poised to change the way consumers interact with water and help solve the major challenges threatening the world's supply of clean, healthy water. Phyn has been widely recognized for its innovation, including honors from the Red Dot Awards, SXSW Innovation Awards, Core 77 Design Awards, IoT World Awards, CES Innovation Awards and GreenBuilder's Sustainability Awards, among others. To learn more, visit www.phyn.com.
About Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified financial services and insurance organizations in the United States. Nationwide is rated A+ by Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.
For more information, visit www.nationwide.com.
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[1] Currently available in California, expanding to additional states in 2025.
Media Contacts
Nationwide:
Lyndsey Kleven
Klevel1@nationwide.com
Phyn:
Zella Panossian