We know what a struggle it can be to find the ideal renter’s insurance policy for your lifestyle. You want insurance coverage that fits your budget and gives you the protection that you need.
Lemonade Renters Insurance promises to be affordable and simple. Two words that haven’t traditionally been associated with insurance in any way.
This is why we decided to do a deep dive and to look at ‘Is Lemonade Renters Insurance good?’
Is Lemonade Renters Insurance bad? Is the hype about Lemonade Renters Insurance accurate?
Since the company is relatively new, we thought that we would take a closer at Lemonade Renters Insurance to see if they’re any good.
We’re going to look at the positives, the negatives, and what Lemonade brings to the table when it comes to renters insurance.
Is Lemonade Insurance Renters Insurance Good?
Low-cost.
Lemonade promises to offer low rates. They do this by keeping expenses low as an insurance company. Everything is done through the website or the mobile app.
Some policies start for as low as $5/month. This makes Lemonade Renters Insurance the perfect option for those on a budget or for anyone who simply needs insurance because it’s mandated by a landlord.
When we looked for quotes in our Lemonade Renters Insurance review, we found quotes in NYC starting at $15/month.
We were able to find quotes for less than $10/month as well. If you reduce your personal property coverage and increase your deductible, you can easily find a renter’s insurance quote for under $10/month.
Easy to sign up for a renter’s insurance policy.
We’ve gone over the process of going through the sign up for Lemonade Renters Insurance many times and it’s surprisingly simple.
You can get a quote in minutes. From there you can adjust your coverage levels (personal property, add expensive items, work on your deductible, and so on) and sign up in minutes.
The sign up process was much simpler than it is with most other insurance companies.
For example, we’ve seen insurance companies that require your SSN for a renter’s insurance quote. Then there are other insurance providers that won’t even give you a quote online.
On that note…
You can customize your policy renter’s insurance policy with Lemonade.
You can customize every aspect of your Lemonade Renters Insurance policy.