Insurtech Lemonade partners with Homesite

According to its website, Lemonade has partnered with Homesite to offer home insurance in several states, including Kansas, Kentucky, Minnesota, North Carolina, New Mexico, and Utah.

Generally speaking when it comes to home insurance, Lemonade is currently the risk bearer in several states: Arizona, Colorado, Connecticut, District of Columbia, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Wisconsin.

Founded in 1997, Homesite, owned by AmFam, was the first company to enable customers to purchase insurance directly online in a single visit. It now offers Home, Renter, Life, Small Business, Condo, and Flood Insurance.

Homesite isn’t Lemonade’s only carrier partner. Lemonade also has arrangements with Home State to write certain car insurance policies and with Legal & General to write its term life policies.

Since going public in 2020, Lemonade’s stock price has dropped to approximately $15.5, reflecting a 78% decrease.