Actual property insurance coverage supplier Obie has launched PolicyProof, a platform designed to simplify landlord insurance coverage verification and guarantee coverage compliance for actual property buyers.
This answer, coupled with Obie’s Grasp Basic Legal responsibility Protection, automates the verification course of, presents readability on non-compliance points and features a legal responsibility safety coverage.
The corporate claimed that the present panorama for insurance coverage verification is fraught with guide processes that aren’t solely time-consuming but in addition error-prone, resulting in potential legal responsibility dangers for property managers.
PolicyProof goals to deal with these challenges by offering a centralised compliance monitoring system.
This technique grants property managers full visibility over their portfolios, thereby eliminating the necessity for guide follow-ups, lowering administrative workloads and permitting them to concentrate on enterprise development.
The platform additionally presents protection to property managers from legal responsibility related to gaps in owner-provided insurance coverage.
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The platform enrols managers in Basic Legal responsibility Protection when an proprietor’s coverage falls brief, making certain steady safety and uninterrupted operations.
Obie CEO and co-founder Ryan Letzeiser stated: “PolicyProof is a transparent instance of how know-how and considerate insurance coverage options can work collectively. Property managers can now focus extra on operating their companies, realizing each property is both absolutely compliant or backed by dependable safety.”
This follows the enlargement of Obie’s embedded insurance coverage capabilities final month.
The corporate enhanced its capabilities to permit seamless integration with numerous digital platforms together with Salesforce Expertise Cloud.
With this, Obie’s embedded insurance coverage options at the moment are adaptable and simpler to deploy, catering to a various array of technological environments.
