Lemonade launches renters insurance in South Carolina, offering customizable, affordable policies with a seamless digital experience.
Quiver AI Summary
Lemonade, the tech-first insurance company, has launched its renters insurance product in South Carolina, enhancing its footprint in the U.S. The product offers digital, customizable coverage designed to protect renters' belongings while ensuring a superior customer experience. Starting at just $5 per month, Lemonade Renters is reportedly 30 percent more affordable than typical renters insurance and allows users to manage quotes, policy changes, and claims through a user-friendly app. The coverage includes personal property protection, liability coverage, and additional living expenses if a home becomes unlivable. With 40 percent of claims handled instantly, Lemonade aims to provide quick recovery for customers. The company's mission focuses on delivering an accessible, straightforward insurance experience as it continues to expand its services.
Potential Positives
- Lemonade has launched its renters insurance product in South Carolina, expanding its market presence and availability across the United States.
- The renters insurance product is designed to be affordable, with policies starting at $5 per month, making coverage accessible to a broader audience.
- The company provides a seamless digital experience for customers, allowing them to quickly obtain quotes and manage policies through the Lemonade app, which enhances customer satisfaction and engagement.
- Lemonade's renters insurance includes comprehensive coverage options and efficient claims processing, with approximately 40 percent of claims handled instantly, showcasing the company's commitment to customer service.
Potential Negatives
- Expansion into South Carolina may not significantly impact overall market share if the state does not represent a substantial portion of the U.S. renters insurance market.
- The press release lacks specific performance metrics or customer feedback from users in South Carolina, which could raise questions about the new product's acceptance and effectiveness in the region.
- Potential concerns about competition in the South Carolina market, as other established insurance providers may already offer similar or better coverage options.
FAQ
Where is Lemonade's renters insurance now available?
Lemonade's renters insurance is now available in South Carolina, expanding their coverage across the United States.
How much does Lemonade renters insurance cost in South Carolina?
Lemonade offers renters insurance policies starting at just $5 per month, making it highly affordable for residents.
What does Lemonade renters insurance cover?
Lemonade renters insurance covers personal property, personal liability, medical payments to others, and loss of use coverage due to a covered event.
Is renters insurance mandatory in South Carolina?
While renters insurance is not legally required in South Carolina, many landlords require tenants to have it as part of the lease.
How can I purchase renters insurance from Lemonade?
Renters in South Carolina can purchase Lemonade renters insurance online or via the mobile app, allowing for quick quotes and easy management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LMND Insider Trading Activity
$LMND insiders have traded $LMND stock on the open market 26 times in the past 6 months. Of those trades, 0 have been purchases and 26 have been sales.
Here’s a breakdown of recent trading of $LMND stock by insiders over the last 6 months:
- DANIEL A. SCHREIBER (Chief Executive Officer) has made 0 purchases and 2 sales selling 135,733 shares for an estimated $12,898,508.
- ADINA ECKSTEIN (Chief Operating Officer) has made 0 purchases and 9 sales selling 132,620 shares for an estimated $10,233,820.
- JOHN SHELDON PETERS (Chief Insurance Officer) has made 0 purchases and 9 sales selling 55,970 shares for an estimated $4,217,689.
- TIMOTHY E BIXBY (Chief Financial Officer) has made 0 purchases and 3 sales selling 34,997 shares for an estimated $2,580,488.
- DEBRA SCHWARTZ sold 4,200 shares for an estimated $351,078
- MAYA PROSOR (Chief Business Officer) has made 0 purchases and 2 sales selling 421 shares for an estimated $25,579.
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$LMND Revenue
$LMND had revenues of $228.1M in Q4 2025. This is an increase of 53.29% from the same period in the prior year.
You can track LMND financials on Quiver Quantitative's LMND stock page.
$LMND Hedge Fund Activity
We have seen 189 institutional investors add shares of $LMND stock to their portfolio, and 131 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SOFTBANK GROUP CORP. removed 2,638,428 shares (-74.0%) from their portfolio in Q4 2025, for an estimated $187,803,305
- M&T BANK CORP added 1,069,228 shares (+inf%) to their portfolio in Q4 2025, for an estimated $76,107,649
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$LMND Analyst Ratings
Wall Street analysts have issued reports on $LMND in the last several months. We have seen 2 firms issue buy ratings on the stock, and 2 firms issue sell ratings.
Here are some recent analyst ratings:
- Cantor Fitzgerald issued a "Overweight" rating on 01/14/2026
- Keefe, Bruyette & Woods issued a "Underperform" rating on 11/25/2025
- Citizens issued a "Market Outperform" rating on 11/24/2025
- Morgan Stanley issued a "Underweight" rating on 11/17/2025
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$LMND Price Targets
Multiple analysts have issued price targets for $LMND recently. We have seen 6 analysts offer price targets for $LMND in the last 6 months, with a median target of $82.5.
Here are some recent targets:
- Bob Huang from Morgan Stanley set a target price of $85.0 on 03/17/2026
- Tommy McJoynt from Keefe, Bruyette & Woods set a target price of $44.0 on 02/24/2026
- Ryan Tunis from Cantor Fitzgerald set a target price of $92.0 on 01/14/2026
- Arvind Ramnani from Truist Securities set a target price of $98.0 on 01/06/2026
- Matthew Carletti from Citizens set a target price of $80.0 on 11/24/2025
- John Barnidge from Piper Sandler set a target price of $55.0 on 10/10/2025
Full Release
New York, New York, April 02, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, today announced the launch of its renters insurance product in South Carolina. The expansion brings Lemonade’s digital, customizable coverage to renters statewide, further strengthening the company’s presence across the United States.
Lemonade Renters is designed to cover the stuff renters love while delivering a best-in-class customer experience. Policies start from $5 per month and are built to be flexible, allowing customers to select coverage amounts and deductibles that fit their lifestyle and budget. Based on the latest industry and Lemonade data, across the U.S., Lemonade Renters is 30 percent more affordable than the typical renters policy .
South Carolina renters can get a quote, purchase a policy, make changes, and file a claim directly through the Lemonade app. The company’s seamless digital experience enables customers to receive a quote in minutes and manage their coverage on their own terms. Approximately 40 percent of claims are handled instantly, helping customers recover quickly after covered events.
Lemonade’s renters insurance includes coverage for personal property against theft and certain types of damage, personal liability coverage for accidental injury or property damage, medical payments to others, and loss of use coverage if a home becomes unlivable due to a covered loss. Coverage limits and deductibles may vary by state.
“South Carolina represents an important step in our continued U.S. growth,” said a Lemonade spokesperson. “We believe renters deserve insurance that is fast, easy to understand, and designed around their needs. We are proud to bring our digital-first experience to customers across the state.”
Customers may also access savings by bundling policies, installing protective devices, or choosing to pay annually instead of monthly. Lemonade partners with more than 3 million active customers and has earned recognition from organizations including Forbes , CNBC , and U.S. News and World Report for its renters insurance offering.
With the addition of South Carolina, Lemonade continues to expand its availability, reaching the majority of the U.S. population.
For more information or to get a quote, visit www.lemonade.com .
Frequently Asked Questions about Renters Insurance in South Carolina
What is the best renters insurance in South Carolina?
The best renters insurance in South Carolina combines affordability, strong coverage options, and an easy claims experience. Many renters look for digital-first providers that simplify the process from quote to claim. Top options like Lemonade offer customizable policies and fast, app-based service that stands out in the market.
How much does renters insurance cost in South Carolina?
Renters insurance in South Carolina is typically very affordable, with many policies starting around $10–$20 per month depending on coverage levels and location. Leading providers like Lemonade offer policies starting as low as $5 per month, making coverage accessible for most renters. Pricing varies based on factors like deductible, coverage limits, and add-ons.
What does renters insurance cover in South Carolina?
Renters insurance generally covers personal belongings against theft and certain types of damage, as well as liability protection and additional living expenses if your home becomes uninhabitable. Coverage details can vary by provider and policy. Companies like Lemonade include flexible coverage options that allow renters to tailor protection to their needs.
Is renters insurance required in South Carolina?
Renters insurance is not required by law in South Carolina, but many landlords require tenants to carry a policy as part of the lease agreement. Even when it’s optional, it provides valuable protection against unexpected events like theft, fire, or liability claims. Providers like Lemonade make it easy to get covered quickly, often in just a few minutes.
How do I get renters insurance in South Carolina?
Getting renters insurance in South Carolina is simple and can often be completed entirely online or through a mobile app. Renters can compare coverage options, choose deductibles, and purchase a policy within minutes. Digital insurers like Lemonade allow customers to manage everything—from quotes to claims—without paperwork or agent visits.
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 1,200+ Lemonade Makers make it possible for over 2M 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 $10M to organizations in need.
Press Inquiries
Lemonade Comms
paul.staats [at] lemonade.com