For years, property technology was largely associated with making real estate transactions faster. Digital mortgage applications and virtual property tours dominated investment rounds as startups sought to modernize one of the largest industries in the U.S.
Today, however, a new generation of proptech companies is tackling a far more pressing challenge: insurance. Nowhere is that shift more apparent than in the multifamily housing sector. Apartment owners and operators are navigating rising insurance premiums and growing pressure to manage risk across countless units.
While expenses are becoming increasingly complex, insurers are also struggling with outdated property data and manual processes that often rely on incomplete or years-old information. This environment has created fertile ground for startups operating at the intersection of property technology and insurance.
Rather than viewing insurance as a separate financial product, many founders are embedding it directly into the broader property lifecycle. AI predictive analytics are enabling far richer assessments of buildings before policies are written, while continuous monitoring allows insurers to better understand risk throughout the life of a property.
For multifamily operators, these technologies are becoming particularly valuable. Property managers must not only insure buildings but also verify resident renters insurance, maintain compliance with lender and ownership requirements, and manage documentation across large portfolios. Automating these traditionally manual workflows can significantly reduce administrative burden while helping operators minimize uninsured risk and improve operational efficiency.
Commercial real estate is becoming another major area of innovation, particularly among owners of large multifamily portfolios. Companies managing dozens or even hundreds of apartment communities often oversee thousands of individual insurance records, certificates and compliance requirements.
One thing for certain is that in the years ahead, this will increasingly be a must-watch space.
Here are StartupBeat’s best proptech tools for insurance compliance in multifamily
GetCovered
Insurance compliance has become one of the biggest operational challenges for multifamily property owners and managers, particularly as premiums rise and coverage requirements become increasingly complex.
Led by CEO Brandon Tobman, GetCovered has emerged as a standout proptech platform by streamlining the insurance verification and compliance process through automation and digital workflows. By helping property managers monitor coverage, reduce manual administrative work, and improve visibility into resident insurance status, the platform enables teams to operate more efficiently while minimizing compliance risks.
As multifamily operators continue to digitize their back-office operations, the company is helping make insurance compliance faster and far more scalable, which is why it was named the best proptech tool for insurance compliance in multifamily.
