NEW YORK, June 30 — Lemonade (NYSE: LMND), the tech-first insurance company, today announced the availability of its renters insurance in Mississippi. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.
Lemonade Renters provides flexible coverage options via an app where renters can get quotes, purchase policies, update existing policies, and file claims, all in one place. About 40% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss.
“Mississippi represents another important step in Lemonade’s continued expansion across the United States,” said Dan Timsit, Head of Renters Insurance at Lemonade. “Our goal is to make insurance easier to understand, easier to access, and easier to manage. We’re excited to offer Mississippi renters a modern alternative to traditional insurance.”
Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. Based on company and industry data, Lemonade’s renters insurance rates are approximately 30% lower than the national average.
Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing.
Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.