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MRI Bought MultiFamily Insurance Partner to Provide In-house Insurance

MRI

Multifamily insurance will simplify the process

MRI Software, one of the topmost companies in real estate software solutions has acquired Multifamily Insurance Partners (MIP). MIP is a leading company in the US multifamily rental market that provides resident insurance programs. The new deal will help property owners and handlers to fill the insurance gaps and decrease the losses by applying resident insurance compliance programs for the people who rent apartments.

MRI multifamily insurance will simplify the process of leasing and onboarding for the owners and managers of the property. The service is accessible via MRI Living; it is the end-to-end suite for residential solutions. “Joining a Prop Tech industry leader in MRI helps Multifamily Insurance partners each new market and leverage the latest in leasing and onboarding technology to provide the enhanced customer experience that property managers demand,” said Jim Sweeney, the CEO of MIP.

The deal will benefit the owners as well as operators

Sweeney also said, “Our clients will still benefit from our longstanding expertise and industry relationships, with the added benefit of MRI’s innovation, end-to-end offering and trusted position in the market.

MIP has it’s headquartered in Ohio and is the initiator of designing and executing insurance programs for residents. The insurance program is used by most of the multifamily owners and managers. With the support of a global insurance provider, many programs were put into operation by Multifamily Insurance Partners for above 1 million apartments.

There are several benefits which property owner and operators enjoy which include uninsured loss recovery, reduced property and casualty insurance rates, and potential ancillary income. MIP chooses the Software Equity Group as the strategic advisor. Through its unique solutions and vivid partner ecosystem MRI provides organization freedom to change the way communities’ lifestyles.