Eddy Solutions

A four-building condominium community saw a 25% premium reduction with no change to deductible.

A 121-unit Vancouver complex spread across four buildings retrofitted zone monitoring, remote shutoff and a full-building wireless network. The result: $41K in estimated annual savings and 14 leaks mitigated each year.

Vancouver, BCMulti-family
Waterfront condominium community
  • Reduce water claim frequency
  • Document alert response performance
  • Standardize 24/7 monitoring response

The challenge

The community's management sought to enhance water risk management and lower insurance costs across a four-building complex. The properties had standard exposure across HVAC, risers, fixtures and common areas, with no zone-level visibility for the operator.

The solution

Eddy installed sensors covering high-risk zones, added remote water-main shutoff and ran a full-building LoRaWAN backbone so every zone reports to the same dashboard. Alerts page the building team in seconds. The monitoring center calls minutes later to support response.

Coverage

Monitored high-risk areas

  • In-suite HVAC
  • Domestic riser
  • Plumbing fixtures
  • Elevator pits
  • Common areas
  • In-suite laundry

Functionality

  • Remote water shutoff
  • Water escape detection
  • Heating and cooling protection

Outcome

Intelligent water management drives direct premium savings while making the operating environment more resilient. Zone monitoring, remote shutoff and full-building connectivity continue to deliver operational and financial value.

Results

Outcomes after deployment.

25%

reduction in insurance premium with no change to deductible

  • 14

    leak events mitigated annually

  • $41K

    estimated annual savings

  • 4

    buildings on a single zone-level dashboard

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