Modern technology should make our lives easier. And in many ways, it actually does. That's why it's all the more baffling these days when we face off against an institution or industry that should move a lot faster and more efficiently than it actually does.
Despite all the conveniences of 2020 life, the speed of the insurance industry is still much the same as it was in your parents' and grandparents' day. Claims are made, an "investigation" begins and you…wait. If you're making a homeowners or renter's insurance claim, insurers will often try to get a claim settled within 40 days.
But that's not a hard requirement. Meanwhile, different state laws can allow an insurance company to take several weeks or even several months before ultimately paying or denying a claim.
Of course, that happens while you deal with your losses or damages in real time. Lemonade is a home and renters insurance company that's working to change the game by providing nearly instantaneous responses during those times when you need "the answer" the most.
Lemonade is hassle-free, starting from when you need coverage. Getting a quote for, and setting up a policy is all done through the simple Lemonade app, eliminating the need to speak to an agent. You just fill out their application, hit send and usually in a matter of moments, you can have a homeowners or rental insurance policy all set to go.
And if you need to make a claim? That's where the unique nature of Lemonade really kicks in. Unlike other insurers, Lemonade doesn't make or lose money based on customer claims. They take a flat fee as part of monthly customer payments to cover standard expenses, then pay on claims with what's left.
Since their financial well-being isn't pinned to customer claims, many simple claims are paid almost instantly. In cases with unusual circumstances or if you've filed a claim before, Lemonade may do some added digging into your case. But even in those extreme situations, you can usually expect Lemonade to respond to your claim a whole lot faster than other insurers.
Plus, Lemonade's Giveback program guarantees that your premiums go to a good cause, even if you don't have to file a claim. Under Giveback, any surplus money from customer payments doesn't stay with Lemonade. Instead, their annual Giveback donates that extra money from everyone in your peer group to a cause of your choice. So you not only get rock-solid home protection, you can actually help improve your community and the world with your payments.
Lemonade renter's insurance starts as low as $5 a month, with homeowners policies starting at $25 a month. You can check out the Lemonade website for a free price quote and to get started with a policy.
Prices are subject to change.
