Lemonade is set to be the world’s first P2P Insurance company . Insurance has remained fundamentally unchanged for centuries, so an insurance product for today's consumer required re-architecting every part of the value chain. The result is Lemonade, a technology-first and legacy-free insurance carrier, offering a product that is instantaneous, un-conflicted and downright delightful. ^[undefined]

Lemonade’s policies for renters and homeowners insurance start at $5 and $35 a month, respectively. Those prices are two to four times less than the industry standard.The company also has created a payout system where policy holders designate a non-profit that can receive payouts from their unclaimed insurance. ^[1]

Lemonade is rated by the traditional ratings agencies and is backed by reinsurers including Warren Buffett’s insurance company within Berkshire Hathaway and Lloyd’s of London. And it’s making its money in a pretty traditional way — by taking a 20% cut of all of the money paid into policies. ^[undefined]

Lemonade Founder Shai Wininger also founded Fiverr, a global online service marketplace. ^[undefined]

Lemonade got over 1400 upvotes in its launch on Product Hunt ! ^[undefined]