For what seems like forever, renters and homeowners had no other choice for protecting their valuables than over-priced, slow as molasses, insurance companies. Not only do they make getting coverage a long, arduous process, but filing a claim is often nearly impossible.
The good news is that there’s finally an insurance company cutting through the traditional red tape, and it’s making quite a splash.
Meet Lemonade, the highly-anticipated insurance company powered by modern technology. With just an app on your phone, you can have access to instant reimbursements and approvals on policies without jumping through any hoops or even picking up the phone.
Now, if you are wondering why traditional insurance companies make it so difficult to receive payment for your claim, the answer is surprisingly simple: when they pay your claim, they lose profit. That’s why Lemonade was built differently. Here’s how it works:
Lemonade takes a flat fee and treats the rest of the money as yours — not theirs. They use this cash to pay claims, and then any leftover money is given to the non-profit charity of your choice. That’s what we call a win-win-win situation.
Now, what if we told you that getting started only takes as little as 90 seconds? Yup. Simply provide your address and answer a couple of questions. Then, just sit back and relax while Maya, the artificial intelligence bot, formulates the perfect insurance plan just for you. Again, without so much as picking up your phone. When it comes to filing a claim, the process is equally as easy — it can sometimes take as little as three minutes to get paid. It may sound too good to be true, but, trust us when we say Lemonade is the real deal.
When you sign up today, you can score renter’s insurance starting as low as $5, and, if you are a homeowner, you can protect your most valued possessions starting as low as just $25. At those prices, it’s certainly worth a quick conversation with Maya.