Goodcover

Digital Co-op Renters Insurance = half the price, better coverage.

Goodcover is a company in fintech based in San Francisco, CA, USA, founded in 2017.

Profile

Goodcover provides its Members with Good Renters Insurance for 50% less than legacy companies and an Annual Dividend of the money left over after claims obligations are met.

Goodcover is a Managing General Agent (MGA) that administers personal insurance on behalf of our Membership, a bit like how USAA does it.

Member's premiums are pooled and used to pay claims. We take a fixed fee, and the remainder is returned in our Annual Member Dividend.

We work with multi-billion dollar capital partners to ensure regulations are followed, adequate claims capital is always available, and we have emergency capacity for catastrophes.

Technology allows us to eliminate waste, saving roughly 25% of the cost. We are 100% digital, but not bots - we invest in tech that enables our experts to help Members.

As an Invitation Only Membership served by an MGA, **we can give Members Free Insurance** when they invite others, turning our "Marketing Budget" into savings for Members. This eliminates Lizards and Sales Agents, saving the other 25%.
We do not use the standard industry models, instead using a multiperil model to more granularly price risk. This means that for a few of you we are more expensive... but everyone else pays much less than they would otherwise pay.

Our granular, multiperil model allows us to offer a superior policy over the standard market including:
- cov

Its activity falls under fintech; the profile below is assembled from public directory data.

The company is recorded as being based in San Francisco, CA, USA.

Directory data places it at the Summer 2017 stage.

Its team size is recorded as 1 employees.

Total disclosed funding stands at about $9.5M.

Website: www.goodcover.com