Is Lemonade Homeowners Insurance the right fit for you?
Last Updated: 02/05/2026
SuperMoney User Recommendation Score +55
Strongly recommended95 total votes
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Highlights
Community Rating
Strongly recommended
Financial Strength Rating
A-(Verified 04/18/2025)
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Lemonade Homeowners Insurance Review
Lemonade Homeowners Insurance is an insurance carrier based in New York, NY. The company was founded in 2015 and offers home insurance in 29 states (and Washington, DC).
Lemonade Homeowners Insurance FAQ
What is the financial strength rating of Lemonade Homeowners Insurance?
The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.
Lemonade Homeowners Insurance scores an A- financial strength rating. Insurance companies with this score show an excellent ability to cover their insurance responsibilities.
What types of coverage does Lemonade Homeowners Insurance offer?
Home insurance includes a wide range of coverages. One of the best ways to saving money on your home insurance is to only pay for the coverage you need. Lemonade Homeowners Insurance offers the following types of home insurance coverage:
Dwelling Coverage:
Also called "dwelling insurance." This is the part of your homeowner's insurance policy that helps pay for the rebuilding or the repair of the physical structure of your home if it's damaged by a covered hazard.
Guest Medical Protection:
This helps visitors who are injured on your property. It can help cover the necessary medical expenses in an accident, regardless of who's at fault. Medical expenses covered usually include costs like ambulance rides, X-rays, surgical procedures, and hospital stays. Note that guest medical coverage doesn't apply to anyone who lives in the home or is listed on your policy.
Liability Coverage:
The personal liability coverage within your homeowner's policy offers coverage for bodily injury and property damage sustained by others for which you or covered residents of your household are legally responsible.
Other Structures Coverage:
This covers structures on the residence premises separated from the dwelling by a clear space or connected to the dwelling by a fence, utility line, or related connection. Examples include a detached garage, tool shed, driveway, swimming pool, gazebo, or fence.
Personal Property Protection:
This insurance protects the items in your home, like your furniture. If they're damaged or lost, personal property coverage could help you cover the cost of replacing them.
Reimbursed Living Expenses:
This coverage reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses. For example, it could include an insured's motel bill while fire damage to the home is being repaired or replaced or until the insured moves to a permanent residence.
Lemonade Homeowners Insurance customers can also add the following riders or endorsements to their home insurance policies:
Earthquake Coverage:
This covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property.
Valuable Items:
Valuable personal property coverage protects items such as expensive collections, engagement rings, watches, and other jewelry from theft, loss, or damage.
How can you save money on a Lemonade Homeowners Insurance home insurance policy?
When you ask for a quote with Lemonade Homeowners Insurance, make sure you ask for all the discounts you qualify for. These are the property-specific discounts currently available.
- Alarm System
- Recent Home Improvements / New Roof
- Home Monitoring System
- Smoke Detectors
Want more discounts? Check the discounts tab for a full list of general policy discounts you can qualify for with Lemonade Homeowners Insurance.
Lemonade Homeowners Insurance Disclosure: * Subject to board discretion and the company meeting certain financial standards. Insurance provided by Lemonade Insurance Company, 5 Crosby St., 3rd Floor, New York, NY 10013
Lemonade Insurance Agency (LIA) is acting as the agent of Lemonade Insurance Company in selling this insurance policy. It receives compensation based on the premiums for the insurance policies it sells. Further information is available upon request.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Lemonade
Message from our editor
What we love about Lemonade Renters and Home Insurance
Lemonade is a relatively new online insurance provider that uses an unusual model to provide renters and home insurance. The company is a certified Public Benefit Corporation. It takes customer’s premium payments, uses the money to pay out claims and handle administrative costs, then takes the leftover funds and donates them to charity.
The company also has a user-friendly claims experience. If you need to file a claim, you can submit all the information through your phone. In many cases, Lemonade’s AI can instantly approve your claim. If it can’t, it refers your claim to a team of humans for consideration.
What could Lemonade Renters and Home Insurance do better?
Lemonade only offers homeowners, renters, and pet insurance policies. If you own a car and want to bundle auto insurance or want other types of coverage such as an umbrella policy, you’ll have to work with a different insurer.
Another drawback to consider is that Lemonade isn’t available in all states. Even if you want to buy coverage from the company, you may find that you live outside of its service area and can’t buy coverage.
Lemonade Renters and Home Insurance’s backstory
Lemonade was founded in 2015 as a public benefit corporation that offers homeowners, renters, and pet insurance policies and that provides support to charitable causes. Since 2015, the company has donated nearly $2 million as part of its giveback program.
The Verdict
If you’re looking for homeowners or renters insurance with an easy claims process, Lemonade is a solid choice. The fact that your insurer supports charity will be icing on the cake. If you have many different policies you want to bundle or live outside the company’s service area, you should consider an alternative.
Other Services by Lemonade Inc.
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +55, or 4.1 on a 5-point rating scale.
+55
-1000+100
No one recommends
Everyone recommends
Lemonade Homeowners Insurance Community Reviews
Would you recommend Lemonade Homeowners Insurance to your friends?
HP
Himanshu P.
May 30, 2024
May or may not recommend
Worst insurance, most probably you will be scammed into buying this insurance with low premium on your first year but then they will increase and almost double it next year and keep on increasing the premium. They will give you crap reasons for increase. I never filed a claim with them because they warn you that it will increase your premium, but now seeing that no matter they would still ...Show More
The P.
Mar 24, 2024
May or may not recommend
Flat out ridiculous. At first, all is ok, no problems, no significant issues, because who ever thinks about homeowners insurance until you need it.
Suddenly, when going to renew our policy after two years, there's now there's a requirement for earthquake retrofitting. There were no such earthquake requirements when we got the initial policy and there was no indication that there would be any new requirements that needed to be ...Show More
OA
Othman A.
Apr 5, 2023
May or may not recommend
I recently researched Lemonade Homeowners Insurance and found that they offer some great benefits such as affordable rates and fast claim processing. However, I'm not quite sure if they offer all the coverage I need. I would recommend Lemonade Homeowners Insurance to someone who is looking for a budget-friendly insurance option and doesn't need extensive coverage. For someone like me who has specific coverage needs, I would recommend doing some ...Show More
MC
Mazhar C.
Nov 29, 2022
May or may not recommend
They have a good insurance rate and they are reliable
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I can recommend it to someone and maybe s/he to make his/her decision.
EN
Edwin N.
Nov 20, 2022
May or may not recommend
I can recommend it to someone and maybe s/he to make his/her decision.
TO
Taiwo O.
Nov 16, 2022
May or may not recommend
I will not recommend Lemonade Homeowners Insurance to you because I have never used it before. I’m not saying that this company isn’t trustworthy or doesn’t have good customer service, but I just haven’t had the chance to experience it for myself.
The only reason why I wouldn’t recommend Lemonade Homeowners Insurance is because I haven’t used it before. Start-ups are exciting and fun, but they can also be scary and ...Show More
NP
Najla P.
Oct 12, 2022
May or may not recommend
I have used Lemonade insurance in the past and was not much satisficed with the service they offered for my home insurance. They offer the lowest rate on most of the insurance companies with some ok type of offerings. Not satisfied with the time they taken to get each service
AW
Alicia W.
Oct 5, 2022
May or may not recommend
I use their renters insurance so I can’t fully speak to their homeowners insurance. However, Lemonade as a whole is a great insurance company. Setting up was quick and easy, and I haven’t had any complaints thus far.
RF
Robelys F.
May 22, 2022
May or may not recommend
If it wasn’t for Lemonade I would not have my property after a tree have fall on my house but tanks to Lemonade I was able to cover all dameges best service
BY
Bettie Y.
Apr 27, 2022
May or may not recommend
The availability of the insurance is spotty across the country so that is a downside. But the prices they have can't be beat and have great, quick customer service.
Daniel E.
Apr 18, 2022
May or may not recommend
I would not have closed on my home if it were not for Lemonade! I was instructed 2 days before my closing that the HOA insurance did not meet the mortgage companies standards and I needed to get insurance fast. Lemonade made it so easy for me to sign up for insurance, and gave me a decent price as well. I would definitely recommend Lemonade.
KR
Kimberly R.
Apr 14, 2022
May or may not recommend
Lemonade is one of the most affordable, and best insurance companies I have found. I have worked for insurance industry for over 15 years and have been able to handle claims and services for many claims of insurance. Lemonade is extremely affordable and their website and app are very easy to use. I highly recommend Lemonade for your insurance needs.
AW
Ajoke W.
Mar 28, 2022
May or may not recommend
They have a good insurance rate and they are reliable
MP
Monika P.
Mar 9, 2022
May or may not recommend
Definitely everyone should purchased the insurance because its offer the different kind of insurance with affordable price also its offer different facilities like alarm and all.
PP
Presley P.
Mar 6, 2022
May or may not recommend
Easy to communicate, unlike any other home insurance I’ve experienced, calculates prices within minutes.
SC
Schubert C.
Mar 6, 2022
May or may not recommend
They got my mother a new roof without any problems. I believe they not as greedy as the others insurance companies who want to keep a lot of profit without take care of customers claims. Lemonade is not for profit and give money to charity. They do very well take credit of their customers. I will drop my insurance for Lemonade next year. Lemonade is a great company!
KD
Keith D.
Jan 4, 2022
May or may not recommend
Lemonade as an insurance company service is great. I love the operation of the auto insurance app, the app can easily detect an emergency crash. However I will recommend that they work on customer care service. An active live chat will be a reasonable one
Jasmin O.
Nov 11, 2021
May or may not recommend
I used Lemonade 2 years ago when I was renting an apartment during my college years, and the monthly payment was affordable. One day the dryer stopped working and I decided to file a claim and I got a deductible and they replaced my dryer belt.
OB
Orion B.
Jun 17, 2021
May or may not recommend
The customer service could absolutely use some improvement, however, Lemonade as a whole is a very transparent and trustworthy company, and the stress when with them is always low.
Showing 20 of 95 reviews