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SUNNYVALE, Calif., Aug. 30, 2018 (GLOBE NEWSWIRE) -- Roost, a leader in Home Telematics for property insurance carriers, today announced it has partnered with New York based Kingstone Insurance. In a strategic agreement reached to increase policyholder engagement as well as reduce claims costs, starting in September Kingstone Insurance will begin a pilot program to offer either a free Roost Smart Water Leak and Freeze Detector or a Roost Smart Battery to select new and existing policyholders.
With a history dating back to 1886, Kingstone Insurance proudly serves customers in its home state of New York and throughout the Northeast region. Today, Kingstone is demonstrating regional leadership by employing the industry’s most innovative home telematics platform. As the company begins deploying Roost smart sensors, policyholders will be better able to mitigate the cost and hassle of fire, smoke and water leak related claims. Kingstone Insurance will also be empowered to strengthen their engagement with policyholders through Roost’s co-branded Kingstone Insurance mobile app, recently enhanced with emergency weather alerts and home service pro access.
“For more than a century we have been a trusted standard bearer for safety and security in the New York insurance industry, always searching for new ways to best meet our policyholders’ needs,” said Dale Thatcher, President and COO of Kingstone Insurance Company. “Now, with Roost we will also be the brand of forward-looking innovation. Together we will deliver smart sensors that give our customers the best technology to mitigate their risk of water and fire loss. At the same time, the initiative enables us to deepen our ongoing relationship with policyholders and agents.”
The award-winning Roost Smart 9V Battery is a simple retrofit solution that transforms existing smoke alarms into smart alarms. If the alarm sounds and no one is home, a smartphone notification is delivered. The Roost Smart Water Leak and Freeze Detector is designed to sense water leaks as well as humidity and freezing temperature situations. Easily locate in places around the home most prone to water leaks such as sinks, hot water heaters, toilets and various appliances. It then delivers smartphone alerts via the co-branded Kingstone app to help minimize water damage and loss. These Wi-Fi enabled smart sensors don’t require a hub and set up in less than five minutes.
“We are excited to be working with Kingstone Insurance to deliver a wide-range of new smart sensor capabilities to the company and its policyholders,” said Roel Peeters, co-founder and CEO of Roost. “With Roost’s Home Telematics solutions, Kingstone is extending its proud tradition of service and improving its ability to engage with its policyholders in a meaningful way.”
Roost’s Home Telematics solutions are changing the way insurers engage with their policyholders, mitigate fire & water claims and drive new business growth.
Roost is a technology company headquartered in Sunnyvale, CA. As creators of the Roost Smart Battery and the Roost Smart Water Leak and Freeze Detector, Roost has developed a unique, patented, connected platform of data sensors that deliver the ultimate in installation simplicity and the most affordable way for insurers to provide Home Telematics solutions. Roost’s primary go-to-market approach is through Insurance companies deploying directly to their policyholders. The effect is a reduction in claim cost expenses (fire and water perils costing $20B per year in the U.S.), as well as driving policyholder engagement through a content-rich, digital mobile app experience, impacting retention and customer acquisition. For more information, please visit www.getroost.com.
About Kingstone Companies, Inc.
Kingstone is a property and casualty insurance holding company whose principal operating subsidiary, Kingstone Insurance Company, is domiciled in the State of New York. Kingstone is a multi-line property and casualty insurance company writing business exclusively through independent retail and wholesale agents and brokers. Kingstone is licensed to write insurance policies in New York, New Jersey, Pennsylvania, Rhode Island, Massachusetts, Connecticut, Maine, New Hampshire, and Texas. Kingstone currently offers property and casualty insurance products to individuals and small businesses in New York, New Jersey, Pennsylvania, Rhode Island, and Massachusetts.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7a96c167-c82c-4dc0-8a8b-b7eb75ef5e47