About Obie
Obie Insurance provides insurance solutions tailored for landlords and real estate investors, focusing on rental properties such as multifamily units, condos, and short-term rentals like Airbnb. The company operates an online platform that simplifies the insurance process, allowing clients to obtain instant quotes by answering a few property-related questions. This technology-driven approach eliminates paperwork and streamlines the often complex process of securing insurance. Obie differentiates itself from competitors by offering some of the lowest rates in the industry, thanks to reduced overhead costs, which helps clients save money that can be reinvested into their properties. The company aims to reduce risk and provide peace of mind while ensuring that every rental property is adequately covered with customizable insurance plans. Obie's goal is to create a hassle-free and cost-effective insurance experience for landlords and real estate investors.
Risks
Increased competition from Gainbridge's B2B insurance-as-a-service platform.
Market saturation may lead to diminishing returns for Obie's offerings.
Rapid expansion may strain Obie's operational capabilities.
Differentiation
Obie offers a fully online platform for instant insurance quotes.
Obie's customizable plans cater to short-term rentals and multifamily units.
Obie's technology reduces overhead, offering industry-low insurance rates.
Upsides
Obie's partnership with Goosehead Insurance expands distribution channels.
Obie's Series B funding supports innovation and expansion.
Embedded insurance integration enhances customer experience and streamlines processes.
Funding
SEED
8/31/2019- Y CombinatorTop