Whether or not renters insurance is required depends on your landlord. It also means that, unlike traditional insurance companies, we’re not in conflict with our customers, so we’re happy to pay claims quickly and with no hassle. This way, our Lemonaders enjoy amazing renters insurance, and society gets a little push for the better. Then, we return unclaimed remainders in our annual ‘ Giveback ‘. How? Rather than making money by denying insurance claims, we take a fixed fee out of your monthly payments, pay reinsurance (and some unavoidable expenses), and use the rest for paying out claims. 30% of our claims are approved in just 3 seconds.īest part? All unclaimed premiums go to a charity you choose at the end of the year. If anything bad happens, simply chat with AI Jim, our claims handling bot, and quickly tell him what happened. If you ever need to adjust your coverage because your landlord asked you to, or realized your stuff is worth way more than you thought, you can do it on the app instantly using Lemonade’s Live Policy feature.Īnd Lemonade’s claims experience is instant, too. Just head to the Lemonade app, answer a few questions, and AI Maya will crunch some numbers and give you a renters insurance quote instantly. You can get a policy from start-to-finish in just 90 seconds, all thanks to artificial intelligence. But with Lemonade, it doesn’t need to be. Truth is, getting renters insurance can be confusing, time-confusing, and flat out boring. This add-on extends coverage for your stuff for any physical damage by an earthquake event. At Lemonade, we offer Earthquake Insurance through our partners, Palomar, for just a few extra bucks a month. Take note that there are additional packages that you can tack on to your renters insurance policy to protect against additional dangers, like earthquakes.
Here’s a complete list of the perils that are covered under your base renters insurance policy in California: Renters insurance covers you and your stuff for damages (or ‘ perils ’ in insurance speak), including theft, fire, vandalism, and water damage from things like burst pipes. What does Lemonade renters insurance in California protect me against?ĭoes renters insurance in the Golden State cover theft ? What about fires? Or earthquakes? Don’t worry, changing your coverage options is a lot less of a headache than it sounds, with Lemonade’s Live Policy. Your landlord also might require you to have a certain amount of personal liability coverage. Note that your renters insurance does not cover medical costs if you or someone residing with you are injured-only non-residents and guests.ĭifferent people might need different coverage amounts, depending on their lifestyle and situation.įor example, you might have $20,000 worth of personal belongings, so you’ll want to get $20k worth of personal property coverage (rather than the $10,000 minimum) to make sure you’re adequately covered. Renters insurance covers you if your guests get injured at your place, or if you accidentally people hurt outside of your home as well. If your friend needs to go to the hospital because of that slip and fall, your medical payments will kick in. So if someone is injured on your property, or anyone on your policy causes damage to someone else’s property or stuff, your renters insurance company should have you covered. If your friend slips and falls while you’re hosting an apartment party, you could be liable. If your place becomes unlivable due to covered losses (like a fire or windstorm ), your ‘loss of use’ coverage can help pay for a temporary place to stay and basic living expenses such as food, laundry, hotel parking, etc.
So if your kitchen table is ruined due to that burst pipe, or your laptop is stolen while you’re traveling abroad, renters insurance has your back. ‘Personal property’ coverage protects your stuff, no matter where you are in the world. Here’s exactly what California renters insurance covers: GET YOUR QUOTE What does Lemonade renters insurance cover in California?ĭoes renters insurance cover your favorite pair of sunglasses? What about your bike ? Or your engagement ring ? Does it cover you for anything other than your stuff?
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