Lemonade Renters Insurance
Lemonade Renters Insurance Review
What does Lemonade Renters insurance cover?
The Lemonade policy covers your personal property against damage and theft, plus legal claims for damage or injury you accidentally cause others. In addition, if your home becomes unlivable due to certain types of damage Lemonade help cover the costs of temporary living arrangements.
If the items in your apartment belong to your landlord, it isn’t covered under your policy. So any furnishings that came with the property when you moved in are not covered. Your Lemonade renters insurance policy doesn’t cover stuff that any of your roommates own, so they would need to get their own individual renters policies.
Personal Liability & Medical Bills
Lemonade’s renters insurance cover extends to instances when a person gets injured in an accident in your home. This means that hospital bills or legal fees from a lawsuit are covered up to the limit stated. It also extends to specific damages caused by you when you’re away from home.
Temporary Living Expenses
If covered accidents or incidents cause your home to become unlivable, you might need to live in a hotel until the home is repaired. Most of Lemonade’s renters insurance policies will cover these and other expenses, possibly including cash that you need for laundry and food. Sounds good, doesn’t it? But what isn’t covered by Lemonades Renters Insurance?
Natural disasters like floods or earthquakes
Basic renters insurance generally won’t cover damage from these natural disasters, so if your home is in a place where flooding, sinkholes, or earthquakes hit, you might want to look at other separate policies like Flood Insurance or Lemonade’s standalone Earthquake Coverage. This is only available in certain states.
The good news is that certain natural disasters like wildfires, volcanic eruptions, or tornados will be covered by their renters insurance policy. However, damages and associated expenses from certain events like widespread power outages aren’t covered.
Undocumented Belongings
Like all insurance companies, Lemonade will require some proof that the item you are filing a claim for was in fact in your home. They recommend that you document all of your belongings, phones, bikes, jewelry, etc. - by taking pictures of the items and/or receipts to save them online in Google Drive, Dropbox, or iCloud so that you can access them from anywhere in the future.
Car-related Theft
Lemonade’s renters insurance will cover the items stolen from your car but not any damage caused to the car. So let’s say that you park your car on the roadside and leave your expensive new phone on the seat. If someone breaks the window and steals the phone, the phone is covered but the window is not, but your car insurance policy should pay for that. Read our review on car insurance quotes to learn more.
Lemonade’s renters insurance doesn’t cover ‘motor vehicles’ in general, but it will cover certain types of e-bikes. Also, motorized items used for health purposes, like wheelchairs or scooters, may also be covered.
Damage from Pests
Unfortunately, their renters insurance won’t cover damage related to mice, rats, or other rodents and insects like bed bugs. Extermination costs are not covered either, but that is usually your landlord’s responsibility.
The Structure
Renters insurance doesn’t cover the physical building or structure, that’s where your landlord’s insurance kicks in. So, if your home has a leaky roof, it’s your right as a tenant to demand your landlord provide a dry roof over your head and fix anything that denies you this right. We recommend asking your landlord about their insurance coverage and how they plan on fixing it if something happens to the building’s structure.
To compare renters insurance quotes from multiple carriers, try our online Quick Quote tool now and see how much it costs to protect your personal belongings.