- Lemonade a licensed insurance carrier offering renters, homeowners, and pet health insurance in the United States
- Today’s news marks the company’s third expansion into a major new insurance category in less than 12 months
- The company started with homeowners products, adding pet insurance in the second half of 2020
- The launch of Lemonade Car allow both existing and new customers to bundle their home, pet, and life policies with their car insurance
- The US car insurance industry estimated to be about $300 billion—70 times the size of both the renters
- A large majority of Lemonade’s existing customers car owners, and they already spend about $1 billion on car insurance each year
