This new offering extends Lemonade’s home insurance services, enabling homeowners across the UK to purchase extensive coverage for their homes and personal belongings.
Since its UK launch in October 2022 and becoming a PRA-licensed carrier, Lemonade has rapidly grown in the market. The new Buildings and Contents Insurance, combined with Lemonade’s ongoing partnership with Aviva, is expected to further accelerate this growth.
Daniel Schreiber, (pictured) CEO and Co-Founder of Lemonade, stated: “The UK has proven to be an exciting market for us with a large digitally-savvy population who appreciate an easy, personalised experience. Growing our home insurance offerings this quickly is a tribute to our incredible team and our thriving partnership with Aviva.”
The new policy is tailored to meet the specific needs of UK customers and holds a Defaqto 5 Star Rating. Homeowners can obtain instant coverage through Lemonade’s platform starting at £14 per month. In addition to basic coverage such as rebuild costs, temporary accommodation, and civil and property liability, the policy offers flexible contents coverage up to £100,000.
Lemonade’s Buildings and Contents Insurance also includes a range of add-ons for comprehensive coverage and flexibility. These add-ons cover home emergency assistance for issues like broken boilers and burst pipes, accidental damage, theft and accidental loss inside and outside the home, and legal protection for disputes related to the insured home, clinical negligence, and employment contracts.
UK residents can purchase a new policy through the Lemonade app or via their website at lemonade.com/uk.
