People tend to forget about the importance of insurance as they just see it as an extra expense on their part. While that is true to some extent, we shouldn’t forget that insurance will lift heavier expense if we or our properties are subjected to accidents, losses, or anything that ensues damage. For those that that are still unsure of whether or not insurance is for them, it’s high time they take a look at companies like Lemonade Insurance.
Lemonade Insurance Company is a U.S.-based property and casualty insurance company. It provides renters and home insurance policies for all sorts of properties including apartments, condos, and more. Although it was just established in 2015, the company has already provided great insurance plans for thousands of U.S. citizens already.
Since launching in 2015 in New York, Lemonade Insurance has since expanded its offerings into other states. Now, it offers insurance policies in New Jersey, New Mexico, Nevada, New York, Georgia, Iowa, Indiana, Maryland, Texas, Wisconsin, and more. In time, it will have its services readily available from coast-to-coast.
What makes Lemonade Insurance a cut above the rest is its extreme dedication in merging technology with insurance services. It uses artificial intelligence and other digital innovations to provide convenience and revolutionary insurance services for its clients. The company is also able to handle policies for its users on desktop and mobile phones meaning their clients don’t even have to make the extra effort in getting to far off places for an insurance claim.
A lot of insurance companies today maintain strict adherence to traditional practices but that should not be the case. People looking for insurance want the security provided by insurance and the convenience of digital innovations at the same time. It’s thanks to techniques and practices like this that encourage people into getting insurance policies.
Aside from its advancements, Lemonade insurance also uses behavioral economics research as a guide to detecting fraud and conflict to detect potential issues with its clients. These techniques create better trust between the company and its clients, thus making each deal more fruitful.
The company also understands its duties for social good. It is registered as a public benefit corporation and its mission is to “transform insurance from a necessary evil into a social good.” The company also implements a GiveBack charity component to its business model. This helps give back to the community while detecting fraudulent insurance claims at the same time.
It’s GiveBack component provides annual donations to certain companies. These include Charity: Water, Citymeals-on-wheels, Feeding America, Make-a-Wish Foundation, Teach for America, New York Society for the Prevention of Cruelty to Children and more.
Insurance might be expensive at times but the truth is, it is one of the best services a homeowner can buy for himself. No one can guarantee that a home is safe from fires, natural disasters, and other damages. Property insurance can help alleviate heavy losses even further so those affected by accidents still have a great shot at bouncing back.
Click here to learn more about Lemonade Insurance >>