Lemonade Expands Renters Insurance to Minnesota, Completing Nationwide Availability

Lemonade (NYSE: LMND) has launched renters insurance in Minnesota, completing nationwide availability for the first time for a Lemonade product.

Rhea-AI Summary

Lemonade (NYSE: LMND) has launched renters insurance in Minnesota, completing nationwide availability for the first time for a Lemonade product.

Lemonade Renters is now offered in all 50 states and Washington, D.C., with coverage starting at $5 per month. Renters can purchase and manage policies through the company’s app or website. Coverage limits and deductibles may vary by state.

Positive

• Minor pointMinnesota launch extends Lemonade Renters to all 50 states and Washington, D.C., with coverage starting at $5 per month.

Negative

• None.

Argus 15 min delay 17 alerts

+5.99% vs previous close $43.82 last price 1.7x rel. volume Open Argus

Details

Market Reaction – LMND

$41.28 – $44.37 Day Range

$3.39B Mkt Cap at Last Price

On Nov 4, the day this news came out, the latest delayed price for LMND is 5.99% above the previous close. Our momentum scanner has recorded 17 alerts for this stock so far that day. The latest delayed price is $43.82. Relative volume is above average at 1.7x what this stock usually trades by this time of day.

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Key Figures

Nationwide availability: 50 states and Washington, D.C. Starting coverage price: $5 per month

Nationwide availability

50 states and Washington, D.C.

Lemonade Renters availability

Starting coverage price

$5 per month

Lemonade Renters

Historical Context

3 past events · Latest: Oct 27

3 events

1. Oct 27

   State expansion

   24h Move

   +1.8%

   Renters coverage launched in Idaho, extending the same state-by-state rollout.

2. Oct 20

   State expansion

   24h Move

   +5.2%

   Renters policies expanded to Alabama under the same state-by-state coverage rollout.

3. Oct 06

   State expansion

   24h Move

   -0.8%

   Renters insurance launched in Hawaii as part of the same geographic expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

deductibles

1 terms

deductibles financial

"Coverage limits and deductibles may vary by state."

Deductibles are the amount of money you pay out of pocket for expenses before your insurance or coverage begins to pay. For example, if you have a deductible of $500, you cover the first $500 of costs yourself, and then the insurance helps with the remaining expenses. Understanding deductibles helps investors gauge the potential costs and risks associated with insurance plans or financial protections.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Renters is the first Lemonade product available in all 50 states and Washington, D.C.

NEW YORK, Nov. 4, 2026 /PRNewswire/ -- Lemonade (NYSE: LMND) today announced the availability of its renters insurance in Minnesota. With this launch, Lemonade Renters is now available in all 50 states and Washington, D.C., making it the first Lemonade product offered nationwide.

Renters insurance remains central to the company's offering. Lemonade Renters is designed to make protecting personal belongings simple and accessible, pairing customizable coverage with a fully digital experience.

"From the start, we built Lemonade Renters to remove the complexity that makes traditional insurance frustrating, and to offer affordable coverage that renters can buy and manage on their own terms," said Dan Timsit, Head of Renters Insurance at Lemonade. "With Minnesota, that experience is now available to every renter in the country. Our team reached this milestone one state at a time, and we're proud to mark it today."

Lemonade Renters coverage starts at $5 per month. Through the Lemonade app or website, renters can get a quote, purchase a policy, adjust their coverage and file a claim in one place, without paperwork or a middleman. Renters may also lower their premium by bundling with other Lemonade products, adding qualifying home safety devices, or choosing annual billing. Coverage limits and deductibles may vary by state.

Minnesota renters can get a quote at lemonade.com or in the Lemonade app.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,300+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $12M to organizations in need.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lemonade-expands-renters-insurance-to-minnesota-completing-nationwide-availability-302929358.html

SOURCE Lemonade, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Is Lemonade renters insurance now available nationwide?

Lemonade Renters is now available in all 50 states and Washington, D.C. following its Minnesota launch. It is the first Lemonade product offered nationwide.