I started Insurance Blog by Chris™ because I have a passion for insurance. Here at the blog, our job is to educate and inform people about the best insurance for them. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insu...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Mar 15, 2021

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Woman writing a review about Lemonade on Reddit

We all know what a struggle it can be to find the perfect renter’s insurance policy. You likely want to see what kind of experiences other customers have had so that you know what to expect before you purchase any kind of insurance policy.

This is why we dug through customer stories to discover what kind of experiences customers have had with Lemonade Renters Insurance.

We’re going to look at customer stories to see some of the best lemonade renters insurance Reddit to see what people are saying about the company and the coverage. 

Let’s look at what regular folks had to say about Lemonade Insurance.

What are the positive Lemonade Renters Insurance Reddit Reviews?

We found a variety of comments on Reddit about Lemonade Renters Insurance. We wanted to highlight some of these customer stories from Reddit to help you with your decision. We’re going to start off with the encouraging comments. 

Here’s a positive comment that stuck out about Lemonade Renters Insurance from user @consuloitant about stolen property being replaced immediately with Lemonade Renters Insurance.

On that same Lemonade Renters Insurance Reddit thread, we found the following positive comment from user @Obecalp86:

“I had a break-in and lost valuables worth $2,000. After filing the police report, I fired up the Lemonade app and recorded a video, answered some questions, and uploaded receipts. My claim was approved immediately and I received the funds the next business day.

Suffice to say, I think Lemonade is pretty awesome. I’m a bit worried that my rate will go up once I move, though. Guess we will see…”

Another user (@alex-the-alright) posted a favorable comment about using Lemonade Renters Insurance: 

“I got it. Apartment was broken into and lots of things stolen. Filed a claim. Fast and friendly responses. Deposit hit about a week later. Only company I’ve used.”

Then Reddit user (@itsnotme24) wrote in with their experiences using Lemonade Renters Insurance:

“My claim was approved in 6 seconds after I submitted it. You tell your story on a short video in your own words, take a picture of your receipt or proof of purchase, enter the police report number and city. Which in my town theft can be reported via online form. Did it all at 4 am on a Saturday. Lemonade told me that the money will be in my bank account in 1-2 days.”

As you can see, Lemonade Renters Insurance helped these customers out during a stressful time. When you have to file a renter’s insurance claim, you want the process to be as simple as possible since you already have enough to stress about.

As important as the cost is, you want to ensure that the process of filing a claim is relatively stress-free and that you have the coverage that you need for your situation.

In another Reddit Lemonade Renters Insurance discussion, we found this comment from the user (@bowsandarrows14)

“I’ve had lemonade for almost 3 years and have never had to use it for a claim, but I have had a positive experience. When I had to add my boyfriend to the policy when we moved in together, it was quick and easy (and still a good price)! I’m in IL and pay less than $9 a month for both of us.”

It’s important that you have adequate coverage with your renter’s insurance policy so that you don’t find yourself feeling stuck. You also want the process to be simple since insurance can feel overwhelming at times.

 

 

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What are the negative Reddit Lemonade Renters Insurance Reviews?

We looked for every Reddit review of Lemonade Insurance that we could find. There was a mixed bag of positive comments and negative comments.

This one thread had a few negative comments when a Reddit user simply asked about using Lemonade Renters Insurance. We saved this one screenshot below…

Reddit user @flyersfan1493 made the following remark about Lemonade Renters Insurance:

“Is it a legitimate insurance company for renters insurance in the sense that you will have insurance if you purchase it from them? Yes.

Would I ever recommend friends or family to use them? No, and not Root either.”

Then another Reddit user (@kc9tng) had this to say about Lemonade Renters Insurance:

“I pay less with State Farm than similar coverage with Lemonade. And I had a total loss fire under my rental policy and that affects my rates and isn’t included in Lemonade’s quote. Plus State Farm was there with a check in hand before the fire department left.”

A final interesting comment on that Reddit Lemonade Renters Insurance thread came from user @grandcru:

“They’re doing some really interesting stuff with technology. They don’t really have the rest of it figured out yet, though.”

We then went through another Lemonade Renters Insurance Reddit thread where we found this interesting comment from user @throwaway1986123456:

“It’s all legit. The too good to be true part is that they write their coverages at far lower prices and much higher loss ratios than the rest of the insurance market. They’ve done a great job in building the user experience and marketing out, but their reinsurance partners are currently footing the bill. I wouldn’t expect these rates to stay as low as they are for the long term. Loss ratios dropped from 260% to 130%. A real insurance company needs to write business around 65%-75% to make a profit accounting for expenses.

They are definitely doing some interesting stuff innovating the insurance company business model but I don’t know that them offering such low rates is anything more than another cash burning startup funded by SoftBank. They’ll probably either get bought or go public and quickly raise their rates by 2x to stay in business.

It appears that folks are still skeptical about using Lemonade Renters Insurance for their insurance needs.

 

What do these Lemonade Renters Insurance Reddit Reviews say?

As always, insurance will be mixed when it comes to reviews and customer stories. We all purchase different levels of coverage and have our own expectations. The perfect renter’s insurance policy doesn’t exist.

Here are a few things to think about when considering using Lemonade Renters Insurance for your needs. 

You should always shop around for the best renter’s insurance coverage for your situation.

You can customize your renter’s insurance coverage and shop around until you find a policy that works for you. This means that you shouldn’t settle with your insurance needs. 

Lemonade Renters Insurance doesn’t have the history of its competitors.

As you shop around for your renters’ insurance policy, you’ll find that there some companies that have been around for over a century. Lemonade is fairly new to the market so you will see many concerns.

Those are the customer stories that we could find when searching for Reddit Lemonade Renters Insurance reviews. We hope that you have enough to think about when it comes to deciding on a renter’s insurance policy. 

We urge you to shop around and obtain a few quotes before going with a renter’s insurance policy.