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Tag Archives: renter’s insurance

Tag Archives: renter’s insurance

Lemonade, Peer to Peer Insurance, and Giving Back

by Drew Meyers on 10:00 am December 21, 2017

Lemonade raised $120 million this week. When I saw they are doing peer to peer insurance, it caught my attention because home owners / renters insurance are both antiquated products in need of modernization. I poked around their website, and found this: How is Lemonade’s business different from that of a traditional insurance carrier? Traditional insurance companies make money by keeping the money they don’t pay out in claims. This means whenever they pay your claim, they lose profit. This is why getting your claims … Read More »

Cozy and Renter’s Insurance

by Drew Meyers on 10:49 am August 26, 2017

Cozy released renter’s insurance last week. A seamless way for renter’s to get renter’s insurance, and landlords to verify their tenants are actually complying with their lease agreement. The percentage of renters who actually carry renter’s insurance is quite low. From the press release: we’ve seen evidence that less than 10 percent of renters who rent from independent landlords actually carry renters insurance. 10% seems a tad low, but the percentage is likely not far off. I’ll be honest, and admit I didn’t carry renter’s insurance while I was renting … Read More »

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