Lemonade Pet Insurance Review

Lemonade Pet Insurance Review

2021 Lemonade Pet Insurance Review
Best For
Pet parents who want to bundle with other Lemonade products
Best Features
Fully Online Experience
Worst Features
New to the market and long claim history unknown

Underwriter: Lemonade Insurance Agency, LLC

While seldom heard of in the past, pet insurance has become very popular and widely used today. Pets today are playing a larger role in the family unit, and pet owners are more willing to provide their dogs or pets with the best possible care. Having a good pet insurance policy is often the one thing that makes this possible. Here is an overview of Lemonade Pet Insurance.

About Lemonade Pet Insurance

Lemonade Insurance Company is a fully regulated and licensed insurance company situated in the state of Delaware. Lemonade offers a variety of insurance policies. In addition to offering pet insurance, Lemonade also offers home insurance, renters’ insurance and condo insurance. Lemonade Pet Insurance is currently offered in 34 states and will offered in additional states in the coming year.

Unlike many other insurance companies, Lemonade is not all about profit. Your premiums are used to pay for your claims. However, any money left over at the end of the policy year is given back to causes popular with their policyholders. For instance, if cancer society is your favorite charity, any money left over from after your premiums are paid each year will go to the cancer society.


Pet insurance is not a one-size-fits-all, and this is demonstrated in the coverage and premiums. The cost of the premium is based on several things, including type of animal, breed, age of animal, amount of coverage and deductible amount. Other criteria that may affect the rate include if the animal has always been healthy or may have had health issues in the past as well as if there are other pets in the home

Your premium is also based on the amount for choose for your deductible, co-payment and annual limit. Customers who have Lemonade insurance not just for their pet insurance but also for their home or renter’s insurance will get a ten percent discount off the price of their pet insurance. The premiums are also based on not just the state the animal lives in but also the city and address. Lemonade is an insurance company that offers very affordable pet insurance; they offer affordable premiums as low as $10 per month.

Lemonade pet insurance’s basic pet insurance policy covers diagnostics, medication and treatment for covered illnesses and accidents. Pet owners who want additional coverage have the option of purchasing a Preventive and Wellness package. This package pays for preventive and wellness services such as bloodwork, vaccines and annual wellness exams.

Lemonade also offers an Extended Accident and Illness package that provides coverage for the same things as their basic policy plus a whole lot more. The Extended Accident and Illness package covers things like acupuncture, physical therapy, hydrotherapy similar treatments used for functionality issues. They’ll also pay for veterinarian visit fees, including treatment costs and the vet’s time and labor.


When you choose pet insurance from Lemonade, you can choose what type of annual limit you’ll have on your policy. You can choose from $5,000 to $100,000. The annual limit is the maximum amount the insurance will pay each year. For example, if you choose a pet policy with an annual limit of $5,000, you pet has a serious condition that requires $6,000 in expenses, you will have to pay the deductible and the insurance will pay 80 percent of the balance AFTER you’ve paid the deductible but will not pay out more than $5,000 per year.

As is the case with most pet insurance policies, there are limitations to what they will pay on certain services. If you are advised to take preventative measures for a certain condition, and you fail to do so and your pet develops this consider, Lemonade will not pay for medical expenses.


Lemonade Pet Insurance requires customers to pay an annual deductible, and they do offer flexible pricing options to make it as affordable as possible for pet owners. You can also choose the amount of your deductible. The higher deductible you choose, the lower your monthly premiums will be. You also have co-insurance you will have to pay. Lemonade offers you the choice of 70 percent, 80 percent and 90 percent. If you choose 80 percent, that means you will have to pay 20 percent of the bill after the deductible has been paid.


Lemonade Pet Insurance prides itself on its quick and hassle-free payment of claims. Pet owners can submit their claims through the apps on their phone and will be guided through the process. You will need to provide the insurance company with your bank account information, so they know where to deposit your money. Once they have this information, and the claim is approved, they’ll deposit your money.

You will have to provide the insurance company with an invoice, so they know how much to pay and the services provided. The insurance company will need to have a copy of your pet’s exam from within the past year. With digital claims, Lemonade states they offer the fastest claim process in the world. When the claim is approved instantly, the customer may have his or her money within seconds. You also have 180 days in which to file your claim.

Additional Info

Pet owners can sign up for pet insurance through the company’s website as well as through their Android and iOS apps. Customers can also reach Customer Service through the website or through the apps.