The Member Dividend is at the core of how Goodcover believes insurance should be -- fair, transparent, and prudent with member’s money.


At Goodcover we keep our expenses low and only earn a modest fixed fee, with the bulk of the premiums going to cover our member pool needs. The earned premium not needed to meet obligations will be returned to each member through the Member Dividend.  


The Member Dividend is paid out annually, with an expected value to not exceed 10% of your premium contribution. Members will have a choice to cash out their dividend or apply it for future use. 


Whether a Member Dividend can be paid in a particular year is dependent on money available in the pool and up to the discretion of Goodcover’s board. For full details please see our Legal Notices document.