Overview
Lemonade is a renters insurance provider that covers you and your personal property against things like theft, fires, vandalism, windstorms, and more—as well as injuries someone might sustain at your place. Especially when you are renting a unit that is not yours, your insurance policy is like a safety net that’ll kick in and help if there’s loss and damage from designated perils.
Also, if your entire apartment is damaged to the point where you’re unable to stay there, renters insurance can typically compensate you for the nights you might need to spend at a hotel as well as other additional living expenses.
As you can see, renters insurance can be a very valuable investment and helps provide a bit of peace of mind in an unpredictable world.
You can easily get a quote from Lemonade from your tenant portal with no obligation to purchase.
How much is Renters Insurance with Lemonade?
The average price for Lemonade renters insurance across the U.S. is around $14/month* (*This average price is based on all current Lemonade Renters policyholders, regardless of coverage limits, deductibles, or add-ons.), as of January 1, 2024. And with rates starting as low as $5 a month (60 bucks a year!), a Lemonade policy offers you the peace of mind and confidence that you, and your precious belongings, are covered.
Refer to this article to view what the average price of insurance is in your state: https://www.lemonade.com/renters/explained/this-is-how-much-renters-insurance-actually-costs/.
What does Renters Insurance cover?
Your renters insurance policy will cover your personal property against various damages, like theft or fire.
It will also help with additional living expenses in the event that you’re forced out of your home for specific reasons, and can kick in to cover medical or legal bills if someone is injured at your rental (or if you cause accidental damage at someone else’s place).
For more information about what renters insurance covers and how it would benefit you, please check out the article here: https://www.lemonade.com/renters/explained/what-is-renters-insurance-and-whats-covered/