Vivint Smart Home (NYSE: VVNT) announced the launch of a new water leak-detection service aimed at significantly lowering the costs of water damage for both customers and insurers.
The patent-pending, no-cost service will be available to Vivint customers in select states with Vivint Water Sensor installed in their homes. Once a water event is detected, the company will immediately send an automated email to the customer, notifying them of the water leak and providing them with a link to be connected with a trusted water emergency cleanup service.