News Article : Award winning innovation for water heaters
|Category:|| Short-Term Insurance : HomeOwner|
|Posted:||12 Jan 2007|
R400 and R700 million in geyser-related claims annually
The insurance industry of South Africa is set to change fundamentally as a result of the recently launched Water Angel, designed to mitigate the risk of geyser and pipe bursts.
The local award-winning Water Angel device will save millions of rands in damages caused by geyser bursts and geyser explosions.
It is estimated that the cost of repairing damage caused by geyser and pipe bursts is one of the highest risks to the insurance industry at between R400 and R700 million in geyser-related claims annually.
This is second only to the increasing prevalence of hi-jackings in South Africa. What’s more, faulty installations and dysfunctional thermostats have claimed many fatalities. Last year alone more than 20 000 geysers were replaced which were insurance related.
The Water Angel is an early warning system designed to monitor the geyser and eliminate problems resulting in geyser bursts and explosions. The highly sensitive patented moisture detection membranes are fitted in four water detection zones, covering inlet and outlet pipes and the drip tray.
”Should the moisture detection mats detect even the smallest amount of water, the main controlling unit will be activated, simultaneously shutting down the water and electricity supply to the geyser while activating an audio warning of the fault condition."
"A water temperature sensor is also fitted to the device to detect over-heating which may result in mulfunctioning,” says Hennie Stander, CEO of the Water Angel Group.
Training forms a large part of the operation and it is mandatory to be an accredited Water Angel Installer, ensuring best practise in the plumbing and electrical installation of the geyser and Water Angel device.
“We have had an overwhelmingly positive response from the property and facilities management industry, as well as the insurance industry, who recognise the value of the Water Angel and have likened the product to vehicle tracking devices that have become mandatory for many short-term insurance companies,” say CEO Hennie Stander.
The Water Angel was recently awarded the Most Promising Emerging Technology Top 100 Enterprise for 2006 by the Da Vinci Institute, in partnership with the Department of Science and Technology and has passed all safety tests specified by Test Africa.
The Water Angel has also been tested and approved by SAIA against their stringent test levels and the SAIA are satisfied that Water Angel meets their standard, enabling it to carry the coveted SAIA - Approved logo.
This endorsement of the product is paramount as Water Angel will help save the Insurance industry millions of rand each year.
For more information about the Water Angel, training and accreditation, log on to www.thewaterangel.com or call (011) 660-5670.