Launch HN: Goodcover (YC S17) – Cooperative renters insurance for half the price
Hi HN, we’re Chris and Dan, co-founders of Goodcover ( https://www.goodcover.com ). Goodcover provides renters insurance (only in California at the moment) and operates as a cooperative. 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. Thanks to this model and good technology we’re able to cut the price of renters insurance in half. I (Chris) worked in traditional insurance for 8 years. That time taught me to love insurance and how it picks people up after disasters, but it also gave me first hand exposure to the things people hate about it – the ever-increasing prices, the adversarial claims negotiations, the mountains of paperwork, and the byzantine decision making. All these inefficiencies kept us from really understanding and working for our policyholders – the people we were m
Why it failed
Hi HN, we’re Chris and Dan, co-founders of Goodcover ( https://www.goodcover.com ). Goodcover provides renters insurance (only in California at the moment) and operates as a cooperative. We take a fixed fee on every policy, pool the premiums to pay claims, and then retu
- Kind
- startup
- Status
- Shut down
- Inventor
- chrisplotz
- Ended
- 2020
- Source
- hackernews