Yardi Acquires Multifamily Insurance Group

Santa Barbara, Calif.–Yardi has acquired Dallas-based Multifamily Insurance Group (MIG), allowing the company to provide ResidentShield renters insurance products to its clients.

Yardi will now offer insurance coverage through ResidentShield for personal liability, personal property and living expenses for losses caused by fire, theft and other unexpected events.

“Our goal is to provide our clients with a full-business solution—including dynamic rental pricing, online resident services, utility billing and resident screening—using a single platform. That integrated offering now includes the reduced insurance risk for property owners and the peace of mind for renters that ResidentShield makes possible,” says Gordon Morrell, executive vice president and chief operating officer for Yardi.

MIG principals Trip Stanford and Mike Composono have joined Yardi’s newly formed insurance division.