Lemonade, the New York-based insurtech, introduced the launch of buildings and contents insurance coverage in the UK in partnership with insurer Aviva.
Increasing the corporate’s dwelling insurance coverage choices within the UK, owners can now buy intensive protection for his or her dwelling and belongings.
Since launching in the UK in October 2022, the UK has shortly grow to be one in all Lemonade’s quickest rising markets. The launch of buildings and contents insurance coverage, with the continued partnership of Aviva, will bolster Lemonade’s continued development.
“The UK has confirmed to be an thrilling marketplace for us with a big digitally-savvy inhabitants who admire a simple, customized expertise,” mentioned Daniel Schreiber, Lemonade CEO and co-founder, in a press release. “Rising our dwelling insurance coverage choices this shortly is a tribute to our unbelievable staff and our thriving partnership with Aviva.”
Designed particularly for UK clients, owners can get immediately coated by the Lemonade app or on-line ranging from £14 ($18.16) a month.
Along with base protection (rebuild prices, short-term lodging, civil and property legal responsibility) and versatile contents protection as much as £100,000 ($129,730), Lemonade’s buildings & contents insurance coverage additionally gives a collection of add-ons to offer full-scope protection and adaptability, together with:
- Residence emergency: Emergency help offered in case of occasions corresponding to a damaged boiler, burst pipes, damaged locks or electrical failures.
- Unintentional injury: Protection offered for surprising unintentional occasions that injury your content material or dwelling.
- Theft and loss: Theft and unintentional loss in and outdoors your private home is roofed; bikes, laptops, and telephones are included.
- Authorized safety: Specialised authorized help offered in dealing with disputes in regards to the insured dwelling, scientific negligence, and contracts of employment.
“We’re excited to develop our partnership with Lemonade within the UK, constructing on our first product launch in 2022,” mentioned Jon Marsh, managing director Partnerships and Transformation, Private Insurance coverage, at Aviva. “Aviva and Lemonade share frequent values and by working collectively we will create compelling new propositions and experiences for patrons.”
Residents of the UK can now purchase a brand new coverage by the Lemonade app, lemonade.com/uk.
Lemonade is licensed and supervised by the Dutch Central Financial institution (DNB). Lemonade operates within the UK by its UK department institution, licensed by the Prudential Regulation Authority. Topic to regulation by the UK Monetary Conduct Authority and restricted regulation by the PRA.
About Lemonade
Lemonade affords renters, owners, automotive, pet, and life insurance coverage. Powered by synthetic intelligence, “Lemonade’s full stack insurance coverage carriers within the US and the EU substitute brokers and paperwork with bots and machine studying, aiming for zero paperwork and immediate every part,” the corporate mentioned. Lemonade is at present out there in the US, Germany, the Netherlands, France, and the UK, and continues to develop globally.
Supply: Lemonade
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