Modives has announced a strategic partnership with Bindable aimed at providing a myriad of features designed to enhance property management and support owner-landlords via the Modives business solution.
This collaboration is driven by the shared vision of simplifying end-to-end processes for property managers and owner-landlords. By leveraging their combined strengths, Modives and Bindable seek to set a new standard for property insurance, offering greater convenience and efficiency for all stakeholders involved.
Through this partnership, Modives and Bindable aim to revolutionise the property insurance market. The partnership enables residents to access insurance coverage directly during the leasing process, providing added convenience for tenants and simplifying the insurance verification process for property managers and landlord-owners. This, in turn, accelerates business transactions while reducing associated risks.
Modives specialises in making insurance authentication and monitoring effortless during auto and property transactions, facilitating life events while reducing time, costs, and risks for its partners. Their innovative, patent-pending technology streamlines the verification of active and adequate insurance in real-time, thereby enhancing transparency and providing effective risk mitigation solutions. The company is poised to launch its property insurance authentication product, “CheckMy Resident,” with pilot customers in November, followed by a pilot test for their auto insurance authentication product, “CheckMy Driver.”
Bindable stands as a pioneering force in the InsurTech industry, offering alternative distribution solutions that empower organizations to drive revenue and cultivate customer loyalty through digital insurance offerings. Their comprehensive platform encompasses an insurance marketplace, agent software, and a suite of support services, catering to the insurance strategies of companies, agencies, brokerages, and trusted brands alike.
Frederick Waite, Modives CEO, said, “Through our partnership with Bindable, we’re setting a new bar for end-to-end process simplification for property managers and owner-landlords. Knowing whether your applicant or resident is actively and adequately insured through Modives authentication and monitoring is a great start. But with this partnership, Modives will offer embedded insurance options if their renters policy doesn’t meet your requirements.”
Bindable Co-Founder and CEO Bill Suneson, said, “We’re really excited about the distinct value Bindable and Modives together can bring to the property insurance market through this partnership. Offering residents direct access to insurance coverage during the leasing process is a smart business move that truly benefits all parties. It not only adds an element of convenience for the residents, but also simplifies the insurance verification aspect for property management and landlord-owners, hastening the speed in which they conduct business while also reducing their own risks.”
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