By “Forget Everything You Know About Insurance. Instant everything. No brainer prices. Big heart.” This is the first message you see when you visit the Lemonade Insurance official website.
Lemonade Insurance offers top-notch homeowners and renters insurance including pet insurance. Their policies are incredibly affordable and easy to manage.
Since its inception, Lemonade has begun to etch itself a place in the insurance industry, especially in the homeowners’ insurance front.
With its adoption of an all-digital platform, the company is fast growing and has exemplified how possible it is to do insurance with such a model.
About Lemonade Insurance Company
Lemonade is a digital insurance provider that offers plans from as low as 5 dollars/mo. It offers affordable plans in the renters, homeowners, and pet insurance categories.
The company used innovative technology via a mobile app to allow users to purchase insurance, file claims, and get paid.
If you are looking for a company that has a superfast approach to claims resolution then you just found one. Lemonade pays claims within three (3) minutes. No regular insurance company does that.
With a B rating, homeowners and landlords who are on a budget but need to get insurance will find Lemonade a viable option.
Lemonade renters insurance is low cost and would be perfect for the majority of the renters’ price range.
Let’s look at some of the insurance products by Lemonade Insurance.
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Lemonade Insurance Products and Services
Lemonade provides the following products and services at a very affordable price:
Homeowners insurance
The Lemonade Homeowners Insurance covers the home and any cost for reconstruction.
It also covers other structures in the home such as sheds, fences, driveways, and so on.
Personal belongings such as clothing, furniture, electronics, and more are covered by the policy.
The cover will pay for personal liability if someone gets hurt in your home and decides to take legal actions.
If it becomes difficult to live in your home due to a covered peril, Lemonade will pay for loss of use.
The Lemonade Homeowners Insurance is for persons looking for a simple homeowners insurance cover for their homes.
Renters insurance
Living in a rented apartment? Lemonade renters insurance can protect your items whether they get stolen or damaged.
If any of the following events cause you to lose your belonging, the Lemonade renters insurance will pay you compensation:
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Fire outbreak
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Theft
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Lightning
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Windstorm and Hail
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Smoke
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Vandalism
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Freezing
The renters’ insurance excludes damages caused by hurricanes, floods, and earthquakes.
Condo insurance
Also called an HO-6 policy, the Lemonade condo insurance covers:
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The condo unit
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Your personal property
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Personal liability
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Medical payments not exceeding $5000
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Loss of use
Lemonade offers separate products the condo insurance and co-op insurance. For people who want complete “walls-in” coverage at an affordable price, the Lemonade condo insurance is a great option.
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Co-op insurance
Being one of the few insurance companies offering co-op insurance and condo insurance separately, Lemonade protects the policyholder, their property, and belongings, excluding the building.
Like the condo insurance, the Lemonade co-op insurance covers:
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Actual unit on the property
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The policyholder’s personal property
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Loss of use
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Personal liability
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Medical payments not exceeding $5,000
The coverage extends to all the family members of the insurance policyholder. Lemonade covers them for free.
At the moment, in Arkansas and Californian, Lemonade is offering Earthquake insurance and plans on adding more states soon.
Pet health insurance
For as little as $10/mo, you can insure your pets and let Lemonade pay for their diagnostics, treatment, and medication when they fall sick or get involved in an accident.
When you add the Preventative and Wellness package, you can enjoy coverage for heartworm tests, blood work, vaccines, and annual checks. You will also enjoy access to a pet health expert.
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Lemonade Insurance Company Near Me
Lemonade is completely an online-based company and does not yet offer any in-person customer service.
They do not own any brick-and-mortar location even though they offer stellar services.
Nonetheless, they serve insurance services to people in the following states:
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Lemonade Insurance Rates
The cost of Lemonade is based on certain factors which include the value of the property, items covered, deductible chosen, and location.
The joy of using Lemonade is that you enjoy affordable insurance rates with their renters’ insurance starting at $5/mo and homeowners insurance valued at $25/mo.
It is typical with every other insurance company that as more items are covered, the rates go higher.
Lemonade Insurance Quote
Getting a quote from Lemonade is free and in-app. Some of the details that would be required includes:
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Your name
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Address
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Type of home (renters or owned)
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Insurance policy you wish to get
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Building’s features and finishes
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Security provisions on the building and much more
Depending on how fast you supply the details needed, getting a quote from Lemonade should not take more than three (3) minutes.
Lemonade Insurance Claims
Filing a claim has never been easier with Lemonade.
No need to fill documents, wait in long queues or join the waiting call line before you can file a claim.
With the Lemonade mobile app, you can file your claim and have its AI review your claim and within 3 minutes, if the claim is approved, you get paid.
All you need to do is fill in some details that would be requested by the AI and then record a short video to prove that the event took place.
If your claim is not approved by the AI, it gets transferred to Lemonade human representatives.
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Conclusion
Lemonade would be a good choice if you are looking for an affordable insurance company to insure your home or pet.
Especially for persons who have their way around the digital glide the world is currently experiencing, this is the recommended insurance company.
