InsurTech Obie is to partner with Roofstock, which provides a real estate marketplace, to streamline investment property transactions.
Roofstock said it lets everyone from first-time investors to global asset managers evaluate, purchase and own residential investment properties with confidence from anywhere in the world. Since its launch, the company has surpassed $4bn in transactions.
Obie claims it is reinventing the insurance process for landlords and rental property investors. The company said it makes requesting a quote and getting coverage simple, affordable, and transparent.
Insurance is among the most cumbersome components of getting started in real estate, Obie said, especially when it comes to optimising coverage for individual portfolios and budgets. The partnership allows investors on Roofstock and Stessa, Rooftstock’s software platform, to purchase insurance for their eligible investment property through Obie.
Ryan Letzeiser, co-founder of Obie, said, “Transacting on investment properties was a siloed process involving countless vendors and stakeholders. We teamed up with Roofstock because their trailblazing technology creates a seamless experience for purchasing, selling and managing properties.
“We are excited to be a part of the Roofstock customer journey – helping navigate the complex world of obtaining property insurance – without ever leaving Roofstock or Stessa. Ultimately, Roofstock is opening the doors for more people to build wealth through real estate.”
This is Obie’s second partnership this month, the InsurTech teamed up with Digital Partners to provide an instant insurance offering for real estate investors.
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