Ready to Rent a New Place? Keep Your Stuff Safe with Lemonade Insurance
Why do renters need insurance? Sometimes you go to bed, and all is right in the world. Then your neighbor from downstairs knocks on your door at 1 a.m. to tell you water is pouring through their ceiling. It's not your bathtub, but the water heater has burst.
You might not know the water heater has never had maintenance, which requires regular draining. Suppose your building manager hasn't done this. In that case, sediment can cause it to explode. Water flows out of your track lighting and ceiling fan, gushing over your porch into the apartment downstairs—literally water everywhere.
Weird things you might not know about can happen at a moment's notice—like a burst valve or someone catching your building on fire. Even something as simple as a stolen bike can be detrimental to your work-life balance. No matter what stuff might happen in life, Lemonade offers insurance that can help keep your property safe.
What Is Lemonade Renters Insurance?
Lemonade is a fully licensed and regulated insurance company. What does that mean? Lemonade can underwrite, price and sell policies. It also handles and pays all claims.
How Is Lemonade Different?
As a public benefit corporation, Lemonade also gives back to the community. Upon signing up for Lemonade, clients are offered the chance to choose a nonprofit organization to which to give their unused premiums. That's right: You decide, and Lemonade donates to a cause that you care about.
What's Included?
A Lemonade renter's insurance policy protects your personal property. Each renter's insurance policy includes theft and damage as well as legal claims for damage or injury caused by an accident in your home. You also receive temporary living cost coverage if your home is deemed uninhabitable due to various types of damage.
Your Lemonade policy also covers you anywhere in the world. So if your laptop is stolen at a café in Pisa, Italy, Lemonade has your back. And oddly enough, a volcanic eruption, wildfire or tornado is often covered if that happens to your home.
What Does It Not Cover?
Renter's insurance doesn't always cover everything. Lemonade makes it clear what is and is not covered. You may need additional policies to cover things like natural disasters. What Lemonade does not cover:
- Flooding
- Sinkholes
- Earthquakes
- Car damage
- Property that belongs to someone else
- Undocumented items
- Rodents
- Pests
- Bugs
- Property damage
Where Is Lemonade Offered?
Lemonade offers coverage in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.
Your state isn't covered yet? If you want your state or country to be added to the list: choose your country, state and type of insurance, add your email and click Let Me Know. Lemonade will notify you when coverage is available in your area. Lemonade is offered in the United States, France, The Netherlands and Germany.
What About the Claims Process?
Lemonade makes it easy to file a claim. Open the app and hit the file a claim button. Lemonade guides you through the process. Once you have completed, input your bank account information. Upon approval of your claim, Lemonade will issue a direct deposit minus your deductible.
How Does a Person Sign Up?
Click the check our prices button. Fill in your information. Answer a few essential questions about your apartment. Agree to receive policy documents by email. Agree to the Lemonade terms of service. In return, you'll receive a quote for a monthly premium and a start date.
Want to know more about the plan? Scroll down to find coverage amounts and policy options. Here you can also choose your extra add-ons, like flood insurance, and you'll also get to pick your deductible. Once you've customized your insurance bundle, you can activate your Lemonade renter's insurance.
Don't lose your podcast setup or the cappuccino maker that starts your at-home business with a bang every morning. Look into Lemonade to see what it can offer you. Just because you rent doesn't mean you can't afford to keep your stuff safe.
Visit Lemonade Insurance to find out how little it will cost to protect your stuff.
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