Summary

This data was gathered from an anonymous FireAvert customer with around 4,500 units across their portfolio. The fire numbers and loss amounts are directly from their verified insurance reports. 

Before FireAvert

This portfolio had 4.55 years of fire loss data from before they began installing Auto Stove Shutoff devices into their properties. The loss data before installation found 18 total kitchen fires totaling $2,944,219.77 in damages.

This totals ~4 fires and $646,292.14 in damages every year.

Their portfolio began installing FireAvert devices in their properties after noticing the huge damage costs they were experiencing from fires.

After FireAvert

With the entire FireAvert ecosystem installed across their properties, this portfolio unfortunately did have one kitchen fire. It was determined to not be a cooking fire but did happen in the kitchen causing $211,000 in damage from the sprinklers activating.

Despite this, the portfolio still had an overall 76.10% decrease in annual fires and saved $407,345 in the first year.

The investment for installing FireAvert devices portfolio-wide will be made up in just a year and a half. In other words, the payback period for FireAvert was just 1.5 years