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Avoiding Water Damage While on Vacation

How Intelligent Leak Protection will give you peace of mind while on vacation this summer

It’s officially summer! As the kids finish school and the temperature sits at a comfortably warm level, you are probably getting ready for vacation! As you head out for wherever you’re going this summer, the last thing you want to think about is water damage to your home.
While statistically speaking, water damage isn’t more likely to occur when you are on vacation, it may seem like it. However, while away from your home, a water issue will be much worse. Without regular eyes on your home, a simple appliance issue or leaky pipe can turn into a much bigger and more expensive issue, simply because the longer the water runs before being discovered, the greater the damage to your home. Not to mention the mold that begins to develop just 72 hours after a water issue – and can have serious and long-lasting effects to the health of your family and environment of your home.
Water damage continues to grow as the biggest risk to a property, accounting for more than half of all damage claims. According to 2012 Aviva statistics, the average homeowner property claim is more than $15,000, much of this due to the investment homeowners have made into their basements.
Here’s where Eddy can help. Imagine a smart home device that will not only alert you to a water issue while you are away but will step in and take action to shut off the water to prevent damage. This IoT enabled technology tracks water usage and determines abnormalities, alerting you via mobile app, text, email, and/or phone call if an issue is detected. Our system includes an ‘Away Mode’ for you to select to let us know you’ll be away from your home, which makes our system hypersensitive to any water usage and tightens our controls during this time.
Eddy works. Recently, a Burlington, Ontario family of four enjoyed a well-deserved weeklong beach vacation. On day 2 of their vacation, their home’s under floor heating system malfunctioned and started to leak into their finished basement. The owners were alerted on their My Eddy Home App, but because they were snorkeling, they missed the alert. Our automatic shutoff feature deployed, and instead of returning home to thousands of dollars of damage, destroyed property, and six days of mold growth, they had a minor plumbing bill.
If you’re going away this summer, consider the advantages of Intelligent Leak Protection – so your home is protected against its biggest risk – water damage.
About Eddy
Eddy Solutions is an industry leader in leak protection and water monitoring solutions. Our suite of smart products offers a comprehensive water management system for building operators and homeowners that protects, controls, and conserves water. Our products have saved thousands of customers millions of dollars in damages and millions of litres of water waste by continuously monitoring water usage in their properties. For more details, please contact us at 1 877 388 3339 or email info@eddysolutions.com.

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Paul Pathak​

Director

Paul Pathak is a partner of Chitiz Pathak LLP. Paul practices principally in the areas of corporate, securities, corporate finance, mergers and acquisitions and commercial law. He represents and provides sophisticated guidance to private and public corporate clients in a broad range of industries, including mining, technology, manufacturing, venture capital and merchant banking.

George Krieser​

Director

George Krieser founded Total Credit Recovery Limited (“TCR”) in 1980 and is the President and Chief Executive Officer. TCR is the largest 100% Canadian-owned and operated collection agency, solely collecting Canadian debt. George previously served as a Director of Universal Energy. He also served as a member of the board of directors of Baycrest Foundation and as a member of the fundraising committee for UJA Federation of Greater Toronto.
Gary Goodman​
Director
Gary Goodman is a Trustee and Chair of the Audit & Risk committee of Boardwalk Real Estate Investment Trust., a former Chairman of Huntingdon Capital Corp., trustee of Gazit America & Brightpath Early Learning, and is a member of the advisory boards of the Vision Funds. Gary was previously Executive Vice President of Reichmann International where he served as a senior financial executive and trusted advisor for over 30 years.

Chris Gower

Director

Chris Gower started his career in construction on the tools – framing houses, where he grew a deep appreciation for the trades. Prior to his current role as Chief Operating Officer, Buildings at PCL Construction (“PCL”), Chris held positions including construction risk manager, senior project manager, district manager and regional vice president. Throughout his more than 25 years at PCL, he has delivered iconic construction projects across Canada, Australia and the United States.

June Thomson

EVP, Sales, Marketing
& Business Development

June joined the Eddy team coming from Enercare after 10+ years in various roles, most recently as Vice President of the North American Builder Division. June has been in the HVAC industry for over 41 years, holding several roles throughout her career from Technician to Provincial Offences Officer.

Saj Khan

COO & President

Sajid Khan helped launch Eddy Solutions and has been in the role of Chief Operating Officer since inception. With more than 20 years of leadership and operational experience in the home services sector, Saj has held roles such as COO of Eco Energy Service, Vice President of Operations at both National Home Services and Universal Energy.

Boris Baril

CFO

With more than 25 years of financial experience, Boris has held both public and private company CFO roles; supported two (TSX listed) initial public offerings (IPOs), debt and equity capital raises, and M&A transactions. Boris graduated from York University and is a CPA, CA.

Mark Silver

CEO & Chairman

Mark L. Silver is President of Optus Capital Corporation. Mr. Silver has made significant real estate investments in both development stage and income producing properties in the residential, commercial and industrial sectors over his 35 year business career. Over the last 22 years, these investments have been made through his company, Optus Capital Corporation. Mr. Silver was a founding partner and Chief Executive Officer of Universal Energy which was sold in 2009 to Just Energy Group Inc. He co-founded Direct Energy Marketing and grew the company to over $1.3 billion in revenues before selling to Centrica PLC (also known as British Gas) in 2000.