COVERTREE
Digital insurance for manufactured homes -- fast, fair, and built for an underserved market.
Overview
CoverTree is a specialty insurtech MGA focused on digital distribution and automated underwriting for manufactured home insurance in the United States. Founded in 2021 and headquartered in Detroit, Michigan, CoverTree operates as a Program Administrator backed by Markel American Insurance Company as its program carrier.
The company addresses an underserved segment: over 22 million Americans live in manufactured homes, yet the insurance market has historically offered limited choice, slow processes, and high premiums. CoverTree brings a digital-first approach -- fast online quotes, automated underwriting, and savings of up to 40% compared to traditional policies. The platform currently operates in 10 states.
Beyond direct insurance, CoverTree is building an enterprise technology suite (Maple, Bonsai, Sequoia) targeting property managers, independent agents, and lenders who serve the manufactured housing market. This positions the company to expand from consumer MGA into a broader platform business for the manufactured housing ecosystem.
Products & Services
Manufactured Home Insurance
Digital-first insurance policies for factory-built homes -- single-wide, double-wide, and triple-wide manufactured homes -- with coverage up to USD 500,000 for home value, personal property, and structures.
Key Features
- Dwelling coverage up to USD 500,000
- Personal property and liability coverage
- Savings of up to 40% vs. traditional manufactured home policies
Target Users: Owners of manufactured, modular, and factory-built homes across 10 US states.
Distribution: Direct-to-consumer online quoting; mortgage channel partners; lender integrations.
Renter Insurance
Protection for personal belongings and liability coverage for renters living in manufactured homes.
Target Users: Renters in manufactured home communities.
Distribution: Direct online.
Landlord Insurance
Coverage for investment properties in manufactured homes with flexible options for property managers and manufactured home community operators.
Target Users: Landlords and property managers in the manufactured housing sector.
Distribution: Direct online and through community operator partnerships.
Enterprise Platforms (In Development)
Key Features
- Maple: Resident insurance management software for property managers and community operators
- Bonsai: Binding and underwriting platform for independent agents and lenders seeking program access
- Sequoia: Automated underwriting and quoting system for insurance book conversions
At a Glance
- Founded
- 2021
- Headquarters
- Detroit, Michigan, USA
- Employees
- 11-50
- Funding
- USD 23 million total (Seed + Series A)
Category & Focus
Last updated: 2026-05-12