Lemonade Unveils Renters Policies in South Carolina Starting at $5/Month
Tech-first insurer Lemonade has launched its renters insurance product in South Carolina, offering customizable digital coverage statewide with policies starting at $5 per month and 30% lower premiums than typical renters policies. The app-based platform processes 40% of claims instantly and serves over 3 million customers nationwide.
1. South Carolina Expansion
Lemonade has launched its renters insurance product statewide in South Carolina, making its digital, customizable coverage available to all residents. This expansion marks the company’s continued push to cover the majority of the U.S. population.
2. Policy Pricing and Coverage
Policies start at $5 per month, offering premiums 30% lower than typical renters insurance in the state. Customers can choose coverage amounts and deductibles tailored to their individual budgets and belongings.
3. App-Based Platform and Claims
Through the Lemonade app, renters can obtain quotes, purchase policies, adjust coverage and file claims in minutes. Approximately 40% of claims are processed instantly using the platform’s AI-driven system, speeding customer recoveries.
4. Customer Base and Growth
With the addition of South Carolina, Lemonade now serves over 3 million active customers across the United States. The company continues to expand its tech-first offerings and strengthen its social impact–focused Giveback program.