Inscrição YC de Goodcover
Goodcover passou pela Y Combinator no batch Summer 2017 como uma empresa Fintech. Abaixo: o que a empresa faz, quem a fundou e sua inscrição para a YC, reconstruída pergunta por pergunta no formulário real da YC.
- Batch YC
- Summer 2017
- Indústria
- FintechInsurance
- Tamanho da equipe
- 1
- Status
- Active
- Lançada
- 2019
Fundadores
Christopher LotzFounder/CEO
Daniel Di SpaltroFounder
O que Goodcover faz
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: - coverage for if your place is flooded by a neighbor - Replacement Cost Coverage (meaning new stuff for your old) - All Risk coverage for high value items you tell us about - including computers (almost no one does that amazingly) - added coverage for mold removal Our MGA business model allows us to be capital efficient, "renting" capacity as we need it. All this adds up to our government approved pricing being 40-60% cheaper on average than that of our competitors.
Inscrição YC de Goodcover, reconstruída
Inscrição Y Combinator
Goodcover, lote Summer 2017. As verdadeiras perguntas do formulário, respondidas com dados públicos.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Goodcover
Digital co-op renters insurance half the price.
We make Good Renters Insurance, an invitation-only membership that pools premiums, pays claims, returns leftover funds as dividends, and offers better coverage at about half the price of legacy insurers. We run as a Managing General Agent using technology for granular multiperil risk pricing and to eliminate sales agents, turning marketing into member savings.
We live in San Francisco, CA, and the company is based there after YC.
San Francisco is the insurance tech hub where our capital partners and regulatory networks are. We want to stay close to partners and talent.
21 respostas a mais na inscrição completa
Founders, Progress, Idea, Equity, Curious, Batch Preference estão na versão completa. Crie uma conta gratuita para abri-la no YC Insights, ao lado de todos os outros batches da YC.
Perguntas Frequentes
Esta é a inscrição real da YC de Goodcover?
Não. A Y Combinator mantém as inscrições submetidas em privado. Esta é uma reconstrução: as perguntas reais do formulário da YC, respondidas a partir dos dados públicos de Goodcover (notas de lançamento, históricos de fundadores, descrição do produto). Mostra como uma empresa como Goodcover se apresentaria à YC, não o texto que eles submeteram.
Em qual batch da YC Goodcover esteve?
Goodcover fez parte do batch Summer 2017 da Y Combinator.
Quem fundou o Goodcover?
O Goodcover foi fundado por Christopher Lotz, Daniel Di Spaltro.
O que o Goodcover faz?
Digital Co-op Renters Insurance = half the price, better coverage.
Como eu leio o application completo reconstruído?
Crie uma conta gratuita no Round Funded. A versão completa de 26 respostas do application do Goodcover, e de todos os outros lotes do YC, está no YC Insights.
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