# Get Covered

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/get-covered

- Industry: Software
- Headquarters: New York, US
- Website: www.getcovered.io
- Total disclosed funding: $12M
- Latest round: Series A (Oct 14, 2022)
- Investors on record: 7

## About

Get Covered Inc. is a US-based company that provides innovative renters insurance compliance solutions for property management companies, landlords, and leasing agents, enhancing tenant protection and ensuring regulatory adherence.Get Covered Inc., founded in 2017 and headquartered in New York, US, specializes in renters insurance compliance solutions. The company has completed 2 deals, with the most recent being a Series A funding round in October 2022. It raised USD 3.27 mn from investors including LeFrak, State Farm Ventures, and WISE Ventures, contributing to a total raised amount of USD 3.27 mn, resulting in a current valuation of USD 41.54 mn.Get Covered specializes in renters insurance compliance solutions designed for property management companies, landlords, and leasing agents. The company’s core offerings include renters insurance policies, master liability policies, Certificate of Insurance (COI) verification and tracking services, and dog bite insurance. These products streamline the process of ensuring that residents maintain necessary insurance coverage throughout their tenancy, significantly reducing the administrative burden for property management teams. Get Covered’s platform is integrated with leading property management systems such as Yardi, Entrata, and ResMan, facilitating real-time compliance monitoring and automatic enrollment of non-compliant residents into a master policy. The company primarily serves clients in the multifamily housing sector across the United States, providing services that enhance tenant peace of mind through comprehensive coverage options.Get Covered generates revenue through a combination of B2B and direct-to-consumer transactions related to its insurance products. Property management companies typically partner with Get Covered to utilize its platform, which facilitates the sale of renters insurance directly to residents during the lease signing process. This transaction structure allows clients to offer competitive insurance rates while ensuring compliance with lease requirements. Residents can choose to purchase comprehensive renters insurance policies or opt for a master liability policy, creating a streamlined process that integrates insurance acquisition into the leasing workflow. While specific pricing plans are proprietary, the platform's dynamic nature enables clients to offer tailored insurance solutions that cater to the needs of their tenants.In October 2022, Get Covered raised USD 3.27 mn in Series A funding to innovate new products, increase staffing, and grow partnerships with insurance carriers, agencies, and proptech companies. The company plans to expand its service offerings and aims to enter new markets across the United States. With this funding, Get Covered is positioned to enhance its platform capabilities and better serve its growing customer base.

## Funding rounds

- Series A, Oct 14, 2022, $3.3M — RET Ventures, WISE Ventures, State Farm Ventures, LeFrak
- Series A, Sep 14, 2021, $9.1M — Updater, Inc., Crocker Mountain Capital, RET Ventures, Pelican Ventures Group

## Investors

- Updater, Inc. — Series A
- Crocker Mountain Capital (https://capitalatlas.ai/funds/crocker-mountain-capital) — Series A
- RET Ventures (https://capitalatlas.ai/funds/ret-ventures) — Series A
- Pelican Ventures Group (https://capitalatlas.ai/funds/pelican-ventures-group) — Series A
- WISE Ventures — Series A
- State Farm Ventures (https://capitalatlas.ai/funds/state-farm-ventures) — Series A
- LeFrak (https://capitalatlas.ai/funds/lefrak) — Series A