CoverTree provides specialized insurance coverage for manufactured, modular, and mobile homes, including renter and landlord policies. The company offers streamlined quoting and claims processing for policyholders, community operators, and brokers through its platform. They deliver comprehensive property, liability, and loss of use coverage tailored to various non-traditional housing types.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AVDVDV+1Founders
Product
Problem
Manufactured home owners often face limited and inadequate insurance options compared to traditional homeowners, leaving them vulnerable to undercoverage and financial risk. Existing insurance products may not fully address the unique construction and risks associated with manufactured homes.
Solution
CoverTree provides specialized insurance solutions tailored for manufactured homes, offering comprehensive coverage for property, personal belongings, and liability. Their digital platform streamlines the quote and policy management process, providing efficient and accessible service to manufactured home owners. CoverTree's policies cover a range of potential damages, including repairs or rebuilds to the home and attached structures, replacement of belongings in case of theft or fire, and protection from liability for bodily injury or property damage to others. They also offer coverage for loss of use, other structures on the property, and medical payments to others.
Target Audience
CoverTree's primary customers are manufactured home owners, renters, and landlords seeking tailored and comprehensive insurance coverage for their properties.
Features
- Digital platform for quick and easy quote retrieval and policy management
- Customizable homeowner, renter, and landlord insurance products
- Coverage for single, double, and triple wide manufactured homes
- Policies available for modular homes, ADUs, stationary travel trailers, park models, and tiny homes
- Protection against damage to the home and attached structures
- Coverage for personal belongings against theft, fire, and other events
- Personal liability coverage for bodily injury or property damage
- Loss of use coverage to maintain lifestyle if the home is uninhabitable