Get All Access for $5/mo

Lemonade Reinvents Renters and Homeowners Insurance With On-Demand Service, Social Responsibility Pay a fixed rate for user-friendly and reliable insurance.

By Entrepreneur Store

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Courtesy of Lemonade

You might not think you need homeowners or renters insurance — until your neighbor leaves a frozen pizza in the oven and leaves, and your things end up being claimed by flames. Give yourself some much-needed peace of mind in the case of the unexpected with Lemonade: this innovative certified insurance carrier that totally reverses the traditional insurance model, paying out claims nearly instantly and treating your premium as if it's still your money.

If you've ever been unfortunate enough to have to make an insurance claim, you know it's tedious. It tends to take a long time (and a lot of paperwork and annoying customer service calls) to sort the issue out and get your claim paid. But Lemonade doesn't benefit as a company from delaying or denying your claims — instead, they get paid through the fixed fee rate you pay for their service, you receive compensation quickly and any unclaimed funds at the end of the year is given to charity.

The entire process is simple and user-friendly: apply for a claim quickly and easily using the iOS or Android app, or just the Lemonade website. Lemonade's AI chat-bot, Maya, works to process the information — and if it fits into the necessary parameters, your claim could get paid out in as little as three minutes. Otherwise, Lemonade's trained staff will process your claim. Maya also works with you when you get started to build your perfect insurance plan — renters insurance starts as low as $5 a month, and homeowner's insurance starts at $25 a month.

Life is bound to throw you a curveball every now and again: ensure your precious personal possessions and living space are protected. Learn more about Lemonade by visiting their website — and work with Maya to build your perfect insurance plan here.

Entrepreneur Store

Account Manager

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

7 Telltale Signs of a Weak Leader

Whether a bully or a people pleaser who can't tell hard truths, poor leadership takes many forms.

Growing a Business

How to Build, Grow and Make Money With Ecommerce

To grow your online business, you need to develop a strategy and invest your time wisely. These actionable tips can attract customers and increase online revenue.

Living

70% of Small Business Owners Experience Monthly Burnout. Follow These 3 Rules to Avoid the Same Fate.

Here are three guidelines to help entrepreneurs achieve balance, growth and success in both their professional and personal endeavors.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Franchise

Kick-Start Your Small Business With These Cost Effective Strategies

Starting a small business is an exciting adventure, brimming with both opportunities and challenges. A key to success is effectively managing costs from the outset.