YC-backed Goodcover launches into the fast-moving insurtech space
As the insuretech space fills up, a new entrant is joining the fight. Y Combinator -backed Goodcover is launching today to take on the likes of big insurance, as well as insurance startups like Lemonade, Jetty, Hippo and Zebra. The company offers renters insurance in California. The twist? Goodcover returns unclaimed premiums to policy holders at the end of the year. Here’s how it works. Goodcover operates as a managing general agent, which means they write the policy, set the pricing and build their own risk assessment model, but partner…
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