Page 7 - CooperatorNews New York August 2021

COOPERATORNEWS.COM COOPERATORNEWS — AUGUST 2021 7 ROSENWACH TANK THE FIRST NAME IN QUALITY CEDAR WOOD TANKS WE ARE CERTIFIED and IT MATTERS! 718.729.4900 43-02 Ditmars Boulevard, 2nd Fl., Astoria, NY 11105 www.rosenwachgroup.com Rosenwach is proud to announce that Rosenwach’s tanks are certified to NSF/ANSI 61 by NSF International, a leading global independent public health and safety organization. NSF/ANSI 61 addresses crucial aspects of drinking water system components such as whether contaminants that leach or migrate from the product/material into the drinking water are below acceptable levels in finished waters. To receive certification, Rosenwach Tank submitted product samples to NSF that underwent rigorous testing to recognized standards, and agreed to manufacturing facility audits and periodic retesting to verify continued conformance to the standards. The NSF mark is our customers’ assurance that our prod- uct has been tested by one of the most respected indepen- dent certification organizations. Only products bearing the NSF mark are certified. could lead to a potential pipe burst—the fa- cility manager gets an actionable alert. All actionable alerts provide an email, text, and are followed-up with a phone call from a cen- ter that tracks sensor activity. In the event of a burst pipe, the facility manager and other designees should get an immediate action- able alert.” Even in the event of a power failure, the system can still function if it has a battery backup. If there is a power outage with these types of systems, the facility manager would typically receive an alert letting him/her know the device is using backup batteries. The facility manager receives another alert when power is restored. Installation The sensors are typically installed by IoT experts in collaboration with building own- ers, co-op and condo boards, and facility managers to help design a bespoke installa- tion plan to meet the unique needs and chal- lenges of the particular building. This spe- cialized plan includes selecting the optimal sensor product for building needs, identify- ing the right quantity of sensors and where to place them, and ensuring that the right type of sensor is installed at each location. Common areas for sensor installation in residential buildings include boiler rooms, mechanical rooms, laundry rooms, building fitness centers, storage rooms, HVAC sys- tems, and electrical rooms. There are specific risks associated with each type of room that are addressed by a different sensor device, or combination of devices, which might include an ambient temperature sensor, a water sen- sor, and a pipe temperature sensor. In a boiler room, for example, a water sensor might be deployed to monitor for leaks and failures, while a pipe temperature sensor and a water sensor to monitor for equipment leaks and failures might be installed in an HVAC room. A building’s gym or fitness center might make use of an ambient temperature sensor. Sarma observes that “the age and size of the building does not impact the ability to install these sensors. However, a pre-analysis should be done so that it can be determined how many sensors are needed to protect the building.” Cases in Point Jim Magliaro, Risk Consulting Technical Leader of CHUBB Personal Risk Services, provides an example of how IoT sensors di- verted what could have been costly damage: “One recent example of an actionable alert resulted from a washing machine fill hose that became dislodged and was pumping water into the laundry room. A resident was less than 10 feet away when this malfunction occurred, but she was completely unaware of the problem. The issue set off a real-time alert, and was quickly addressed.” Significant damage was averted, avoiding the potential need for both flooring and ceiling repair or replacement. WATER SENSORS... continued from page 6 In another example, Magliaro describes sensors, and how much does doing so save in a client in Chicago whose water leak sensor, the long run? According to the pros, cost sav- located in the master bedroom, activated be- cause water was leaking from the condo unit twofold: from preventing leaks and the costs apartment building. It depends upon many above his. He was able to address the situation associated with them, and from potential sav- immediately, preventing a potentially large ings on insurance premiums. loss. While both these examples are obviously can help improve the risk profile of the cus- minor compared to the scale of what hap- pened in Surfside, they illustrate how smart ing Officer of CHUBB Personal Risk Services. and impacted the building’s infrastructure. tech can step in and avert big trouble down “In some states, policyholders may also be The specific character of the damage is also the line—whether for a single unit owner, or eligible to receive a discount on their condo a factor in determining cost. We consistently an entire building community. Potential Savings Of course, the question most boards and home. Policyholders should check with their significant damage, to substantiate the invest- their constituents have is, how much does it brokers or agents to find out if this discount ment.” cost to install IoT moisture or temperature applies to them in their state.” ings from installation of these sensors can be leak varies, especially in a high-rise condo or “In the long run, IoT sensor installation occurred, whether it was a gush or a trickle, tomer,” says Jennifer Naughton, Risk Consult- or co-op insurance premium if they install hear that the ROI is undeniable. In many cas- sensors near all water using devices in their es, it only takes one alert, and the avoidance of In terms of savings resulting from better detection, Sarma says, “The cost per water factors, such as the location of the leak, how long it went undetected, on which floor it how many tenants were affected, if it affected mechanical areas or got into the elevator shaft n