Company Profile – Lemonade

Lemonade is a well-known insurance company that has revolutionized the business model of insurance companies. We focus on the well-being of our clients and offer property and casualty insurance plans. Unlike other insurance providers, we offer quality services and address your claims without unnecessary delays.

How Lemonade Stands Out from the Crowd

Insurance companies usually make profits the premium you pay on the insurance policy. This is the reason why they delay the payment of claims so as to secure their profits. But this isn’t the case with Lemonade, which is why we have a myriad of satisfied and loyal clients. This itself, speaks of our credibility.

Our program, Giveback, is here to make a change in the insurance industry. We treat premiums as your money and return the unclaimed amount to our annual Giveback accounts. The flat fee of 20% we charge our clients is reserved for paying reinsurance, unavoidable expenses, monthly payments, and paying out claims.

The Giveback amount is donated to charities every year. Our clients have a say in this and we opt for causes that you’re interested in. So, aside from protecting your property and possessions, you can also play your role in making this world better for everyone through Lemonade insurance plans.

Insurance Coverage

Lemonade covers all your family members and relatives living in your home without any additional charges. The coverage is also valid for all your possessions regardless of whether or not they were present within the premises of your home at the time of damage.

You can claim losses in case of the following perils

  • Fire accident
  • Smoke damage
  • Theft
  • Extreme weather damages
  • Vandalism
  • Rain damage
  • Water leak damages
  • Hail or snow damages
  • Liability insurance coverage
  • Earthquake coverage (add-on)

If you’ve secured your valuable possessions in a storage locker outside of your home, you can claim 10% of their actual value or $1,000, whichever is greater.

Insurance Plans

Homeowners Insurance

Homeowners insurance covers the costs of property repairs after an accident. If you own a residential property, you can opt for this coverage plan to reduce the risk of financial losses and can use the amount to address the repair work.

Renters Insurance

When you rent a house, it’s a good option to buy renter’s insurance. It protects your possessions and helps you replace the damaged equipment without breaking the bank.

Zero Everything

Lemonade offers this plan for condo and coop owners. Since this plan involves zero deductibles, you can get the amount sufficient to replace damaged or stolen items.

What Else Do We Offer?

Lemonade is a digital insurance company and you can visitour website to buy an insurance policy or claim losses. We recently launched a mobile app so you can get in touch with us on the go. It makes the process much easier and faster.

The standard claim limit of our plans is $1,500, but you can expand coverage at reasonable rates as and when needed. You can increase the coverage to $50,000 which isn’t possible when you buy an insurance plan from any other company.

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