Modives has announced a strategic partnership with Bindable to deliver capabilities designed to enhance property management and support property owners through Modives business solutions.
This collaboration is driven by a shared vision to simplify the end-to-end process for property managers and property owners. By leveraging the combined strengths of both parties, Modives and Bindable seek to set a new standard for property insurance, providing greater convenience and efficiency for all stakeholders.
Through this partnership, Modives and Bindable aim to revolutionize the property insurance market. The partnership enables residents to obtain insurance directly during the rental process, providing greater convenience for tenants and streamlining the insurance verification process for property managers and landlords. This in turn speeds up business transactions while reducing associated risks.
Modives specializes in making insurance authentication and monitoring easy during auto and property transactions, facilitating life events while reducing time, cost and risk for partners. Their innovative, patent-pending technology simplifies instant verification of valid and adequate insurance, thereby increasing transparency and providing effective risk mitigation solutions. The company is preparing to launch its property insurance certification product “CheckMy Resident” to pilot customers in November, followed by pilot testing of its auto insurance certification product “CheckMy Driver.”
Bindable is a pioneer in the insurtech industry, providing alternative distribution solutions that enable organizations to grow revenue and build customer loyalty through digital insurance products. Their comprehensive platform includes insurance marketplaces, agent software and a suite of support services to meet the insurance strategies of companies, institutions, brokerages and trusted brands.
“By partnering with Bindable, we are setting a new standard for end-to-end process simplicity for property managers and property owners,” said Modives CEO Frederick Waite. “Know whether your applicants or residents are active with Modives identity verification and monitoring And being adequately insured is a good start. But through this partnership, if Modives’ renter’s policy doesn’t meet your requirements, they will offer embedded coverage options.”
Bill Suneson, co-founder and CEO of Bindable, said: “We are very excited about the unique value that Bindable and Modives will bring to the property insurance market through this partnership. Giving residents direct access to insurance during the rental process is smart business. This initiative truly benefits all parties. It not only increases convenience for residents, but also simplifies the insurance review process for property management and owners, speeding up their business operations and reducing their own risks.”
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