Digital Co-op Renters Insurance = half the price, better coverage.
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
San Francisco-based, remote-first cooperative renters-insurance company that uses a digital-first member-dividend model to return unused premiums to members.
Primary product
Renters insurance
Founded
2017
Headquarters
San Francisco, California, United States
Team size
1-10
Work style
Remote
Industry
Insurance
Sub-industry
Renters insurance / insurtech
Offices
Business model
Stage
Later-stage VC
Total raised
$10.9M
Latest round
Later Stage VC · Mar 2024
Mar 2024
Dec 2023 · Undisclosed investors
Jul 2023
Oct 2020 · Goodwater Capital
Feb 2020
Mar 2017 · Y Combinator
Small remote-first team with a growth-focused, diverse, inclusive, and family-friendly culture; employees are encouraged to schedule work around personal needs.
Work style
Remote
Compensation
Historical Goodcover job postings on Wellfound showed engineering salaries around $110k-$180k with roughly 0.25%-0.5% equity; the careers page currently lists no open roles.
Pricing
Tiered monthly premiums ('Good', 'Better', 'Best') plus a cooperative member-dividend model that returns surplus premiums
Differentiators
Technology
Customers
Competitors
Goodcover said claims costs, climate volatility, and inflation forced a premium increase, coverage changes for about 20% of members, discontinuation of ULTRAGOOD, and a 2023 member dividend of -24%, meaning no dividend would be paid that year.
SourceGoodcover · Jun 2024
A Goodcover article arguing that digital-first renters want mobile-first insurance, stronger digital support, and faster self-service experiences.
Goodcover · Feb 2024
Goodcover expanded into Georgia, Illinois, Ohio, New York, and Pennsylvania, saying half of U.S. renters now had access to its landlord-approved renters insurance.
Goodcover · Oct 2023
Goodcover announced pricing increases and coverage adjustments because of climate-related loss severity and inflation, and said it would not issue a 2023 member dividend.
Goodcover · Aug 2023
Goodcover launched a free member auto marketplace to help renters compare car-insurance rates and get multi-line discounts.
TechCrunch · Oct 2020
TechCrunch reported Goodcover's $7.5 million Series A led by Goodwater Capital with participation from Fuel Capital, Broadhaven Ventures, Global Founders Capital, Liquid 2 and TransRe.
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