Changing insurance tech, one policy at a time.
Today’s a very exciting day for Covered. We’ve raised $700,000 from amazing investors like the Ozmens, Black Hills Regional Angel Fund, and other angel investors. These investors believe in our vision to change insurance – both for consumers and loan originators – and I’m honored they’ve decided to join us on our journey to change this industry.
So what are we going to do with the funding? Here are just a few of the things we’ll be working on:
Establishing more partnerships across all 50 states
Thanks to countless hours of hard work by our incredible VP of Insurance, Jennifer Munro, we can currently write home, auto, and commercial policies in 15 states with Encompass, Progressive, Stillwater, Safeco, Travelers, Dairyland, and more great carriers.
This is pretty impressive for a company that’s only been around for as long as we have. By the end of the year, we plan on being available in every single state in the US.
Insurance regulations and standards can vary wildly state by state, so this is a remarkable challenge for our team to take on. But since we’re already working with some of the largest insurance companies in the world, I’m confident we’ll be a national company by 2018.
If you want to know when we’re live in your state, sign up for the Covered beta at itscovered.com.
Recruiting an amazing customer team
One of the biggest issues in insurance is consumer education. Most policyholders don’t actually understand their policy, which means that customers are unhappy, disappointed, and angry when the time comes to file a claim. Covered wants to change this by offering the highest level of integrated digital education and support with a human touch.
We already have a few amazing people on our team with years of customer service under their belt. But if we want to have insanely fast response times and provide world-class support to customers, we need to hire and train more people. Fast.
Want to work with us? Send me an email at email@example.com and tell me why you’re amazing at customer service.
Building integrations for major industry platforms
One of the biggest challenges for loan originators (the folks you deal with when you buy a house) is making the transition to a modern, digital mortgage experience that consumers have come to expect. With Covered, we’re making it easy for them to digitally send accurate, impartial home insurance quotes to consumers in seconds.
Over the next few months, our engineering team will be working hard to integrate with major industry platforms to make it easy for loan originators at companies of all sizes to instantly use Covered.
A big thank you to our team for working so hard to get to this point. We’re looking forward to the next phase for Covered and where we go from here. Onward and upward!