Insurtech Get Covered raised $6 mn

Insurtech Get Covered has raised $6 mn from RET Ventures, State Farm Ventures, WISE Ventures, and LeFrak, bringing its total funding to date to $14.5 mn.

Founded in 2018, Get Covered provides insurance technology products and services for the multifamily industry that make buying, selling and tracking insurance “as simple and seamless as possible.” Some of the insurance products offered include renters and pet.

Insurance is a fundamental component of renting for residents, owners, operators and property management teams. Insurance is one of the oldest industries in the world, and it’s also one of the most challenging to change.

Brandon Tobman, CEO of Get Covered

Get Covered currently operates in 48 states and has been deployed in over 3,500 apartment communities nationwide. In 2022, the startup added 600,000+ units to its all-in-one activation and COI tracking platform.

“Get Covered’s technology-based solution of offering renters insurance as an embedded option within the tenant leasing process is an intriguing approach to meet the needs of more customers. We believe that our agent-based distribution model in combination with their platform approach to serve the institutionally-managed property market could deliver a strong customer experience for renters.” – Michael Remmes, VP of State Farm Ventures.

Get Covered is a cutting-edge insurance technology company that provides cost-effective property coverage with just a few clicks – satisfying tenants, property managers and agencies. Our automated simplified solution ensures that commercial and residential clients purchase and maintain their insurance.

by Peter Sonner