ExpansionMay 11, 2026, 10:02 AM
Lemonade Launches Renters Insurance in Delaware, Policies from $5
AI Summary
Lemonade, Inc. has expanded its U.S. presence by launching its award-winning renters insurance product in Delaware. The tech-first company offers policies starting from $5 per month, which it claims are approximately 30% more affordable than the national average. This digital-first offering allows customers to manage policies and file claims through the Lemonade app, with nearly half of claims processed instantly. The expansion is a significant milestone in the company's ongoing U.S. growth, further solidifying its reach.
Key Highlights
- Lemonade launched its renters insurance product in Delaware.
- Policies are available from $5 per month.
- Renters insurance is approximately 30% more affordable than the national average.
- Nearly half of claims are processed instantly through the app.
- Lemonade serves over 3 million active customers across US, UK, and Europe.
- The company's Giveback program has donated over $10 million to nonprofits.
Price Impact
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