• Available 24/7 by Phone
  • Property Damage
  • Guest Medical Protection
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Identity Theft Insurance
  • AM Best Financial Strength Rating
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Lemonade dresses itself up as the saint of insurance, but it's actually worse than just a plain old mutual. A mutual is an insurance company that pays a dividend if there are excess profits so a policyholder can profit share. However, Lemonade, instead of paying you a dividend, donates the excess profits to charity on your behalf.

This way Lemonade gets to keep the charitable tax deductions, so it profits even more than a typical mutual would. You get nothing.

The user experience was great and the ... price was cheap. However, this was definitely a teaser rate as their prices are comprised of 60% expenses, which is actually worse than the industry. More Less

0 votes

Looks like an easy way to get renters insurance in New York. $5 a month is hard to beat. I like the flat-fee model.

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