Goodcover review

Goodcover is a renters-only insurance agency built around two ideas: one policy for the whole household and a share of unused premiums back. If your roommates are on your lease, they are on your policy at no extra cost, which is unusual; most insurers here require each unrelated roommate to be named or to buy their own policy. Goodcover pools members' premiums, takes a fixed fee, pays claims and returns the rest through an Annual Member Dividend. Covered property losses are paid at replacement cost, and belongings are covered anywhere in the world against perils including fire, theft, many kinds of water damage, wind and frozen pipes. The optional SUPERGOOD upgrade adds accidental damage with a zero deductible. Liability, guest medical and temporary housing are included. The site gives an instant quote without an email, but publishes no starting price. Goodcover is licensed in 45 states plus D.C., and policies are underwritten by partner carriers. We compared documented features and published prices.

Who it is for

Roommates on the same lease and renters who like the idea of a dividend.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Replacement cost for covered personal property losses
• Personal property covered anywhere in the world
• Roommates on your lease are on your policy at no extra cost
• Optional SUPERGOOD upgrade that covers accidental damage with a zero deductible
• Annual Member Dividend from money not needed to pay claims

Strengths and weaknesses

• Strength: One policy covers every roommate on the lease
• Strength: Replacement cost is standard, not an add-on
• Strength: Instant online quote with no email required
• Weakness: No published starting price
• Weakness: Licensed in 45 states plus D.C., not nationwide
• Weakness: Goodcover is an agency; the policy is underwritten by partner carriers

Key facts

• Availability: Licensed in 45 states plus D.C.
• Roommates: Included if on the lease
• Payout basis: Replacement cost
• Accidental damage: SUPERGOOD upgrade, zero deductible
• Dividend: Annual Member Dividend

Where it ranks

Goodcover is No. 5 in our Best Renters Insurance verdict.