Are you a homeowner or renter looking for quality insurance, good rates and a different coverage experience overall? If so, Lemonade insurance is one option you may want to consider.
Currently available in Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Georgia, Iowa, Illinois, Indiana, Maryland, Michigan, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, Wisconsin and Germany, Lemonade has plans to expand across the United States and Europe.
Lemonade charges monthly payments. A fixed fee is removed from this payment and is used to pay for overhead costs and expenses such as reinsurance. The rest of the monthly payment is used for paying out claims. Since the money has already been earmarked for claims, there is no competition between the client and Lemonade over the money, which means faster payment and less arguing over the legitimacy of claims. Any money left over is given to charity as part of Lemonade’s annual “Giveback.”
Lemonade is a legitimate, bonded insurance company offering renters and home insurance. They are rated with a Financial Stability Rating® of “A” (Exceptional) from Demotech Inc., are fully licensed, and are reinsured by some of the most trusted names in insurance.
Lemonade is serious about social impact and is a Public Benefit Corporation as well as a certified B-Corp.
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Lemonade sets aside money for claims, so they do not have to take money from shareholders to pay you. This ensures less conflict, since the company has no financial incentive to withhold a claim or delay it. The company also gives back to the charities and organizations clients support, so you know you are making a difference by working with Lemonade.
Lemonade relies on apps and can offer a quick quote. They make it fast and easy to switch from your current provider and to sign up.
Currently, Lemonade is only available in some states and they only offer renter’s insurance and homeowner’s insurance, which means you can’t sign up to get coverage for your car, RV or anything else. You might not get much choice to pick the products that are right for you. You also miss out on bundle deals offered by insurers with multiple products.
While Lemonade is right for some customers, it does not offer a large range of products and is not available in all states. If you are looking for home or renter’s insurance with a conscience and an easy and streamlined process, David Pope Insurance may be right for you. Lemonade is not currently in Missouri, and many Missouri residents wish to work with a professional insurance agent instead of an app.
David Pope Insurance offers personalized service and advice as well as competitive rates and fast quotes. We offer Telemetrics to help you get the right insurance, whether you are looking for coverage for your home, car or other insurance products. Contact us to get a free quote today.