Goodcover’s mission is to build a community of members enjoying financial peace of mind at the lowest possible cost. Our first service offering is Renters Insurance at half the cost of legacy insurers.
I thought Lemonade was good until I started using Good Cover. Easy. Simple. Cheap. What more could you ask for?
I didn't know I could love renter's insurance until Good Cover launched. Great work people.
Hey Makers,
We’re Dan and Chris, co-founders of Goodcover (goodcover.com) and we’re building a fair, modern cooperative insurance service. Our first product launch is Renter insurance that’s half the cost of the old providers. We’ve lowered the price of insurance by cutting out the ‘middleman’ of Agents/Brokers, providing a self-service digital experience, and most significantly because of our cooperative business model.
Goodcover is a fully licensed MGA that operates as a cooperative, conducting business for the mutual benefit of our Members. We take a fixed fee on every policy, pool the premiums to pay claims, and then return what’s left over back to Members through an annual dividend. Unlike other insurance providers, we don’t profit from denying claims, because of our cooperative model we eliminate this adversarial conflict and can better serve members in their time of need.
We further improved the model of insurance by throwing out standard risk profiles and adopted our own that better serve the modern Member -- it means by asking few more qualifying questions we’re able to segment risk that lowers the cost of insurance for 95% of people. Chris has worked in traditional insurance for ten years and brought his learnings on how to better the system. I (Dan) have been building and leading tech teams for over a decade and co-founded Cloudkick (YCW08).
Goodcover is available to all renters in California and expanding to other states soon. We hope you explore and enjoy the product. Lastly, we not only flipped the business model on how to make insurance fair, we even made the quote experience user friendly by not requiring your email or name to see your price, just enter your zip code and see a live price.
There were a lot of regulatory hurdles and challenges in finding partners that believed in a more modern and fair approach. It’s taken a while to get right, but it’s a labor of love that’s had real impact on our members already. We’re excited about what's ahead.
We’re here happy to answer any questions.
~Dan & Chris (@dispalt & @christopherphiliplotz )
Their reps hate their lives, I just spent 20 minutes getting transferred between departments, when clearly I clicked the right prompts to get to the claims department, they barely speak English and kept telling me I have the wrong department and need to call back during business hours… it’s 3pm
Garbage, low rates but read you contract. I had renters insurance my apartment had a flood due to the upstairs neighbors AC unit. I took videos and pictures. Goodcover wants original receipts of items purchase, then stated where was damage to items. I had mattress on the floor you can clearly see water damage. They want you to take your items to get repaired if it's is unrepairable then they may pay. Still unpaid for all my furniture due to water damage; BEWARE & STAY AWAY!!!
My home was burglarized last August 2023 Goodcover uses NARS risk service for claims adjusters they have yet to resolve my claim! They have put me under investigation. The adjuster is very rude,& nonchalant! I will be filing a lawsuit against good cover and nars for pain & suffering!!! Don’t get insurance from this company you will not be covered!!!
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