Modives

About

Modives is a technology company located in Charlotte, NC, founded in 2023. It focuses on automating the insurance verification process for businesses, particularly in the auto dealership and property management sectors. The company aims to simplify the traditionally manual process of verifying insurance coverage, ensuring that policies are active and adequate. Modives offers a real-time, AI-driven system that connects directly with insurance carriers to verify coverage. Key features include carrier-confirmed coverage, automatic notifications for policy changes, and an AI-driven analysis engine that assesses coverage adequacy. The company prioritizes consumer data protection with industry-leading encryption. Modives provides easy integration options, including a web application and the CheckMy API for seamless incorporation into existing systems. The company serves various industries, including auto dealerships, vehicle rentals, auto lenders, multi-family rentals, student or senior housing, and single-family rentals. Modives has raised $3 million in seed funding and is led by CEO and Co-Founder Frederick Waite, who has significant experience in the insurance technology sector.