Lemonade is breaking the mold for home and renters insurance

Whether you own or rent your place, insurance on that home is a necessary hassle - but a new tech-driven company called Lemonade is starting to show that while it might indeed be a necessity, it doesn't have to be a hassle.

Here's the way insurance typically works: You pay premiums and hope an accident never happens. If it does, you enter the purgatory of red tape, trying to pry restitution from a company that has little motivation or ability to pay out your claim.

Lemonade doesn't work that way. Instead, it utilizes a well-built technology platform and intuitive AI to make signup a breeze. If anything, the process of paying out claims is even easier: You answer a few questions, outline your lost or damaged property through video chat, and get satisfaction almost instantly. Lemonade takes a flat fee from your premiums, so there's no motivation for them to stonewall you when it comes time to file a claim. At the end of each year, they'll even turn a portion of the unclaimed money from those premiums to the charity of your choice.

Another great thing about their flat fees? They're super cheap, thanks to Lemonade's low overhead. Fees start at $25 for homeowners' insurance and $5 for renters. Get a quick quote and sign up today.