Real estate insurance provider Obie has introduced PolicyProof, a platform designed to simplify landlord insurance verification and ensure policy compliance for real estate investors.
This solution, coupled with Obie’s Master General Liability Coverage, automates the verification process, offers clarity on non-compliance issues and includes a liability protection policy.
The company claimed that the current landscape for insurance verification is fraught with manual processes that are not only time-consuming but also error-prone, leading to potential liability risks for property managers.
PolicyProof aims to address these challenges by providing a centralised compliance tracking system.
This system grants property managers full visibility over their portfolios, thereby eliminating the need for manual follow-ups, reducing administrative workloads and allowing them to focus on business growth.
The platform also offers coverage to property managers from liability associated with gaps in owner-provided insurance.
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By GlobalDataThe platform enrols managers in General Liability Coverage when an owner’s policy falls short, ensuring continuous protection and uninterrupted operations.
Obie CEO and co-founder Ryan Letzeiser said: “PolicyProof is a clear example of how technology and thoughtful insurance solutions can work together. Property managers can now focus more on running their businesses, knowing every property is either fully compliant or backed by reliable protection.”
This follows the expansion of Obie’s embedded insurance capabilities last month.
The company enhanced its capabilities to allow seamless integration with various digital platforms including Salesforce Experience Cloud.
With this, Obie’s embedded insurance solutions are now adaptable and easier to deploy, catering to a diverse array of technological environments.