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Lemonade Renters Insurance

Lemonade Insurance company is transforming the typical insurance model with transparency and instant technology. Their monthly affordable fixed flat rate means you get your claims paid faster. They offer an add-on for extra coverage with no deductible covering damage and theft, worldwide. Renters Insurance monthly fee as low as $5. It only takes 90 seconds to get insured - check their prices and get insured today!


Lemonade Renters Insurance offers affordable rates with flexible coverage options. It's not yet available in every state, but it's expanding quickly. Customers can expect fast payouts with its automated claims system.


  • Flexible coverage
  • Speedy payouts
  • Low-cost policies
  • Add-on coverage available
  • Giveback Program


  • Not available in every state
  • No bundling with auto
Lemonade Renters Insurance Get a Quote 

How does Lemonade Renters Insurance work?

Lemonade makes renters insurance simple. The company does this a few ways; the first is only taking a flat fee. The rest of the premium is held for paying claims — some of which are paid in three seconds. Any remaining claim balance is passed to the charity of your choice. This isn't just an excellent opportunity for charities — by letting go of the remaining cash, it takes the temptation away from Lemonade to make a profit from claim balances.

Lemonade is built solely on a digital platform with no brick-and-mortar offices, and its customers can adjust their coverage, file claims or ask questions online or in Lemonade’s mobile app, anytime, anywhere. Lemonade is powered by artificial intelligence, which lets the company work efficiently with fewer agents while keeping costs low, and claims processing takes minutes to complete. Lemonade is known for being very transparent about this model and prides itself on its fast service at low costs.

What does Lemonade Renters Insurance cover?

Just like traditional renters insurance policies, Lemonade renters insurance covers personal property, personal liability, medical payments and loss of use up to a certain payout. However, Lemonade may not cover loss in specific instances — check Lemonade's list of the most common covered incidents for damaged items:

  • Fire and smoke
  • Wind, lightning and hail
  • Crime and vandalism
  • Water damage

Coverage can also include medical payments for accidents that happen to guests on your property, helping mitigate potential lawsuits associated with these cases.

Spouses and children are also covered on the same renters insurance, and customers can add significant others to their policy immediately via the app.

What isn’t covered by my Lemonade renters insurance policy?

Lemonade’s basic renters insurance plans do not include flood insurance, earthquake coverage or coverage for your roommates. Earthquake coverage can be purchased for an additional fee, flood insurance can be purchased with a separate policy and platonic roommates must get their own renters insurance policy.

How much does Lemonade Renters Insurance cost?

Lemonade renters insurance policies start at $5 a month for basic coverage, but most customers pay around $20 per month for standard coverage. The Lemonade renters insurance price depends on a few factors, including the coverage you choose, the deductible you can afford and whether or not you’ve installed home security and fire systems.

As far as coverage goes, the most influential factor on price is the amount of personal property coverage you need. The minimum, $10,000, can secure you a low monthly payment, even with maximum payouts for electronics, liability, loss of use and guest medical coverage. The maximum coverage for personal property, $250,000, would require a monthly payment closer to $100.

If you opt into a high deductible, as much as $2,500, your monthly cost is driven way down. Conversely, you should expect to pay much more per month if you have a $250 deductible.

Lemonade customers can add extra coverage for jewelry, fine art, bikes, cameras and musical instruments, which would add a few more dollars to your monthly premiums. Adding a significant other to your policy or extra water back-up coverage costs more as well.

You’ll need to decide what level of coverage you want to get an accurate Lemonade renters insurance quote.

Lemonade Renters Insurance FAQ

Can I add my roommate to my Lemonade renters insurance policy?
Unless your roommate is related to you, they cannot be added to your policy and must purchase their own. Spouses, children and in some cases a landlord can be added to your renters insurance policy. Significant others can be added for a little more each month.
How do I file a Lemonade renters insurance claim?
Lemonade makes filing claims very simple online or through their mobile app. Customers are prompted to provide information — including photos or video — of the damages. Lemonade’s claims process is automated, so some customers might receive payment within minutes of submission.
What Lemonade renters insurance discounts can I get?
Discounts are available for Lemonade Renters Insurance customers who install home security systems or fire/smoke monitoring devices. Customers with good credit can expect to pay lower premiums than those with poor credit.
Can I bundle Lemonade Renters Insurance with auto insurance?
Unfortunately, Lemonade does not offer car insurance, so customers cannot bundle renters insurance with auto for a discount.
What is Lemonade’s Zero Everything policy?
Lemonade is working on expanding its Zero Everything policy. This policy allows customers to get renters insurance coverage with zero deductibles and no price increase after filing a claim.
Is Lemonade Renters Insurance available in my state?
As of September 2019, Lemonade Renters Insurance is available in:
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Maryland
  • Massachusetts
  • Michigan
  • Missouri
  • Nevada
  • New Jersey
  • New Mexico
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • Tennessee
  • Texas
  • Virginia
  • Washington D.C.
  • Wisconsin

Is Lemonade Renters Insurance legit?

Yes, Lemonade is a fully licensed and regulated insurance company offering renters and homeowners insurance. We recommend it because of its transparent payment system, flexible coverage and affordable premiums. Though Lemonade does not offer bundling discounts with auto insurance, the company makes up for it with other optional discounts and flexible, low-cost coverage. Filing claims are straightforward, its coverage is generous, and you get to choose a charity to support with unclaimed premiums.

Lemonade Renters Insurance Reviews

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Page 1 Reviews 0 - 30
Rated with 5 stars
Verified Reviewer
Original review: Sept. 14, 2020

Well using Lemonade for renters insurance and no claims yet but a low price and meets requirements for apt communities liability. It is an app. That thing is very easy to use and no monthly fee to make a payment like some renters insurance.

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    Rated with 1 star
    Verified Reviewer
    Original review: March 10, 2020

    The customer service is horrible bunch of people trying to be in the insurance company don't know squat about nothing. They cancelled my policy for no reason, and it's paid up for a year. Stay away. Go to a real insurance company. They hire only ** agents.

    17 people found this review helpful
    Rated with 1 star
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    Verified Reviewer
    Original review: Dec. 4, 2019

    We had a tenant who had Lemonade Insurance and they DID NOT COVER water damage caused by tenant's error. They state that they only cover personal property damage, but not liability for damages caused to the house. Do not get Lemonade if you want actual decent coverage. The tenant will have to personally cover for the cost of the damage. I do not recommend this very crappy coverage policy that they fool you into thinking that you have good coverage.

    30 people found this review helpful
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    Lemonade Renters Insurance Company Information

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    Lemonade Renters Insurance