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Get Smart this March Break

March Break, Mid-Winter Break, or Spring Break, whatever you like to call it, it’s approaching. This time of year sees a bump of around 30% in the number of visitors to airports and resorts. With the kids off from school, many families take advantage of the time off to hit the slopes, relax on the beach, or just generally be away from home.
If you’re planning to be away for the week, you’re probably – like other homeowners leaving for March Break – concerned about your home while you’re away. Did you know that smart home water monitoring and leak prevention technology can do wonders to protect your home from water damage, even while you’re away this March Break?
Protection Against Your Biggest Risk
Most people think that the biggest risk to their home while travelling is theft. While this is without a doubt a concern for travellers, most homeowners do not realize that they are three times more likely to experience a water damage incident than a theft. In fact, property damage due to water has now become the largest source of property insurance claims.
When water damage occurs in an unoccupied home, it generally remains undetected until the homeowner returns. Some insurance companies will not cover the damage when the home is unoccupied for more than 72 hours. Given this fact, we strongly encourage you to check your policy and contact your insurance broker before leaving. Even more concerning; when water damage occurs, mold growth rarely far behind, and damage resulting from mold is often not covered either.
No one wants to return from a fun, relaxing March Break trip to discover that water damage has wreaked havoc upon their home. Even for those homeowners with comprehensive property insurance coverage, home restoration is a stressful and inconvenient process, potentially involving the relocation of their family until the property is fully restored.
IoT Smart Water Monitoring Technology
Imagine being alerted to water damage risk immediately, so you can proactively protect against it. This is the unique advantage of IoT powered connected water monitoring that includes a shutoff at the water main, such as Eddy’s suite of products. The technology is designed to track water usage in the home at all times, alerting you to potential issues when abnormal water usage is detected (such as a pipe burst or leak). You’ll be immediately notified through our companion app, and can remotely shut off your water with the tap of a button. In case an alert is missed, our 24/7 monitoring centre will ensure that your water is shut off.
Away Mode
This feature allows a homeowner to quickly and easily indicate when he/she will be away and the home will be unoccupied. Eddy’s system includes an ‘Away Mode’ feature, which lets our system know that you are not at home, causing any water usage to immediately trigger an alert. When you return, you can simply turn off the away mode feature, letting Eddy know you’re back and all is well.
That’s the power of connected home technology that protects you and your property. Now you can enjoy your March Break vacation and rest easy.
About Eddy Home
Eddy Home 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@eddyhome.com.

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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.

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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​
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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.

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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

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Mark Silver

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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.