Lemonade provides renters, condo, co-op, and homeowners insurance that is fast, affordable, and hassle free.
Unlike other insurance companies whose profits are based on the amount of money not paid out in claims, Lemonade takes a flat fee for their services.
This means that Lemonade’s goal is to handle and pay as many claims instantly as possible, instead of delaying or denying claims to protect a profit.
If you’re looking to save money, you can get homeowners insurance starting from $25 monthly or renters insurance starting from $5 monthly.
With each monthly payment that you make, Lemonade takes a fixed fee, pays for their reinsurance, and uses the remaining money to pay out customer claims.
If there is any leftover money, it goes into a Giveback fund that is contributed to a common charitable cause of the members.
By purchasing reinsurance (like insurance for insurers), Lemonade guarantees that they can cover all claims if the total amount of the claims exceeds the available funds.
Lemonade currently offer renters, condo, and homeowners insurance in New York, California, Illinois, New Jersey, Nevada, Georgia, Pennsylvania, Maryland, Arizona, Michigan, Connecticut, Indiana, Ohio, Wisconsin, Oregon, Texas, Tennessee, Virginia, and the District of Columbia; renters and condo insurance in Rhode Island; and renters insurance in Iowa, New Mexico and Arkansas (homeowners and condo coming soon).
They plan on expanding to additional states within the coming year, so keep an eye out for their availability in your state if you are interested.
Get $20 Amazon Gift Card from Lemonade
For a limited time, you can get a $20 Amazon Gift Card when you get a new policy from Lemonade.
Just get a policy through one of the promotional pages below, and you’ll get a $20 Amazon Gift Card within 72 hours.
- Promo Link #1 – (via GreatWorkPerks*)
You simply check the prices, select your insurance policy, enter your payment details (credit or debit card), and you are insured.
After you get a policy, you will receive the $20 Amazon Gift Card within 72 hours.
*Please note that the above promotional links are taken from sources that have access to provide this offer. They will be compensated if you use their links, but Maximizing Money will not receive any payments.
If you want to save money on homeowners or renters insurance, check out Lemonade to get affordable insurance that will quickly pay all of your claims without any hassles.