Modives and Venn offer insurance cover for multifamily homes

Modives has joined forces with intelligent resident operating system Venn to provide an insurance coverage solution tailored for multifamily homes.

The partnership enables the integration of Modives’ CheckMy Resident platform with Venn’s resident operating system to enhance the process of insurance verification for tenants.

The new system enables the instant confirmation of renters insurance status through direct access to carrier data.

Residents can secure coverage immediately in case of discrepancies, property managers are able to track compliance in real-time and residents can choose from various insurance options.

Modives CEO Frederick Waite said: "We are not just verifying insurance, we are reducing risk. Our integration with Venn turns compliance into a value-add, protects every property, and eliminates the historical friction around insurance between residents and management."

CheckMy Resident utilises AI to provide real-time verification of insurance data.

Residents can submit an updated policy, opt to purchase insurance through the platform's digital offerings, or be included in a master liability programme automatically.

With the tie-up in place, Venn aims to support residents throughout their occupancy, from initial contact to ongoing engagement, by leveraging data and automation to enhance the overall experience.

By incorporating these insurance-related processes into its operating system, Venn aims to reduce the administrative workload for property managers.

Venn partnerships head Oz Ganon stated: "At Venn, we believe in the power of thoughtfully designed integrations. When we partner with the right technology providers, like Modives, we are not just adding features, we are creating a shared ecosystem that drives exponential growth.

“By embedding the best solutions seamlessly into the resident journey, we enable faster adoption, higher engagement and greater value for everyone involved."

"Modives and Venn offer insurance cover for multifamily homes " was originally created and published by Life Insurance International, a GlobalData owned brand.

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