InsurTech Center

Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated weekly, will help insurance professionals maintain a competitive edge.

News

Lemonade introduces new pet insurance product

Lemonade's pet insurance is poised to shake-up a rapidly growing market, with policies starting at $12 a month.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Lemonade’s pet insurance policies start at $12 a month with a 10% discount for existing home insurance policyholders. (Photo: Lemonade)

Americans sure do love our pets. Consider how Americans spent approximately $75 billion on pets in 2019 alone, including health costs. So it’s no surprise that more pet parents are purchasing pet insurance to help with the high costs of veterinary bills.

Heather Turner

Heather Turner is digital managing editor of NU PropertyCasualty360.

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now