The startup provides property and casualty insurance products specifically tailored for multifamily operators, including property, casualty, and burglary insurance. By offering these specialized insurance services at competitive rates, the company enhances risk management and customer engagement for its clients.
Funding
$3.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Multifamily property owners face increasing challenges in securing affordable and stable insurance coverage due to shrinking capacity and evolving eligibility requirements. Traditional risk assessment methods often fail to accurately price policies, leading to inadequate coverage or inflated premiums for responsibly managed properties.
Solution
Sertis provides property and casualty insurance products specifically designed for professionally managed multifamily properties, offering a stable insurance market with competitive premiums. Utilizing proprietary risk assessment technology built on data from a digital property management platform, Sertis delivers risk-accurate pricing and tailored coverage options. By integrating with property management solutions, Sertis enables better risk management, potentially lowering repair costs and improving staff efficiency for property owners. The company's program includes customized coverage, specialized endorsements, and the Sertis Risk Indicator (SRI) for actionable risk management insights.
Target Audience
Sertis targets experienced insurance brokers and agents looking to expand their multifamily property insurance portfolio, as well as owners and operators of professionally managed multifamily properties, including garden-style apartments, mixed-use buildings, active senior housing, subsidized housing, and student housing.
Features
- Proprietary risk assessment technology using millions of data points from digital property management platforms.
- Integration with property management solutions for real-time visibility and enhanced risk control.
- Customized coverage options, including package, monoline GL, and monoline property with equipment breakdown.
- Additional coverages available for crime and wind.
- Industry-specific coverage buy-back allowance.
- Sertis Risk Indicator (SRI) providing actionable risk management insights.
- Capacity partner: Accelerant Insurance, A- AM Best Rated, Non-Admitted.
- High property limits: up to $45M per location (subject to building clearance space).
- No unit cap and high limits for GL schedules: $1M / $2M with $2M / $4M available.