Get Covered, a New York-based insurance technology provider for multifamily operators, managers, residents and distribution partners, raised USD6M in Series A2 funding.
The round was led by RET Ventures, State Farm Ventures, WISE Ventures and LeFrak.
The company intends to use the funds to innovate new products, increase staffing and grow partnerships with insurance carriers, agencies and proptech companies. Get Covered also plans to expand its client base of renters, apartment owner/operators and property managers and strategically grow in new and existing markets.
Founded in 2018 by Brandon Tobman, Dylan Gaines and Ryan Solomon, 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. Its ensures that residents are covered with the community’s minimum required policy and tracks insurance policies throughout the lease term. Embedding insurance tracking within owner/operators’ existing processes, Get Covered allows renters to purchase customized insurance policies from A rated carriers. On the backend, owner/operators are equipped with a policy admin portal for certificate of insurance (COI) verification, tracking, billing and policy administration.
In 2022, the company has added more than 600,000 units to its all-in-one activation and COI tracking platform. Get Covered currently operates in 48 states and has been deployed in more than 3,500 apartment communities nationwide.
FinSMEs
06/12/2022