Obie, an InsurTech startup that offers insurance risk management for real estate investors, has partnered with Belong, a home management company, in a bid to support new landlords.
Obie claims it is reinventing the insurance process for landlords and rental property investors. The company wants to help everyone achieve the dream of owning and renting property, and this dream shouldn’t be complicated, “whether that’s a young family renting out their first home, or a seasoned investor with a portfolio of properties,” the company said.
The company simplified the insurance experience by providing instant quotes, for either seasoned investors or newcomers.
Belong is a full service end-to-end home management company backed by A-list investors such as Andreessen Horowitz (a16z), GGV Capital, and Battery Ventures.
The company’s mission is to create authentic belonging experiences for those who own much-loved homes.
In addition to the property management services, Belong offers more services to take the hassle out of renting. These services include moving, cleaning, storage, and even furnishing a home.
Obie said it wants to eliminate as many hurdles as possible to getting affordable, straightforward rental property insurance. And by partnering with Belong, the company said homeowners new to the landlord world can eliminate one more touchpoint in the rental process.
Obie also works with Belong Home customers to help them understand the differences between Homeowners Insurance (HO3) and Landlord Insurance (DP3) because the coverage and risks each policy protects against are different.
Will Leavitt, member success manager, said, “We were able to save my homeowner almost $4,000 by having him go through our partnership with Obie for his landlord’s insurance. The first of many (hopefully) residents and homeowners we will be able to help get insured and save them money moving forward!”
Earlier this year, Obie partnered with digital lending marketplace LoanBase.
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