Coverage Cat
Coverage Cat is a fintech company specializing in insurance, offering policies for homeowners, auto, renters, and general liability, primarily targeting affluent Americans unfamiliar with insurance. Operating fully online, the company provides high-deductible, multi-million dollar coverage for catastrophic events and is featured in notable publications like Coverager and Tech Crunch.
Services
Coverage Cat offers a range of insurance products including homeowners, auto, renters, and general liability insurance. Targeting wealthy Americans who may not be familiar with insurance, the company provides policies with higher deductibles and multi-million dollar coverage for catastrophic events. Coverage Cat employs a risk-first approach to insurance and claims to save users up to $4000 per year across various policies. The services are available fully online and via email, delivering real auto, home, umbrella, and renters quotes without spam or calls.
Locations
Coverage Cat operates from two physical office locations in the United States: New York, NY, and San Francisco, CA. Additionally, the company supports remote operations, allowing it to serve clients across various regions including the United States, America / Canada, and globally on a fully remote basis.
Industry
Coverage Cat operates within the fintech sector, specifically in the sub-industry of insurance. The company combines financial technology with insurance services to provide user-friendly and cost-saving insurance solutions. Focused on a risk-first approach, Coverage Cat aims to simplify the insurance purchasing process for its target audience.
History
Coverage Cat was part of the Y Combinator Summer 2022 (S22) batch. The company has been featured in prominent publications such as Coverager, Stripe, and Tech Crunch. Licensed as Coverage Cat Insurance Services in California, the company places insurance policies with various insurance companies, offering the best policy options even if it doesn't directly profit from them.
Products
Coverage Cat provides a variety of insurance products tailored to meet different needs. These include auto insurance, home insurance, umbrella insurance, and renters insurance. By offering higher deductible policies with multi-million dollar coverage, Coverage Cat targets individuals looking for comprehensive protection against catastrophic events.