Insure-Tech Firm Lemonade to Offer Car Insurance

Insurance coverage coverage-technology upstart Lemonade Inc. is rolling out an auto-insurance enterprise, transferring previous renters, dwelling, pet and life-insurance insurance coverage insurance policies into one of many aggressive parts of the commerce.

The New York-based company will rely intently on telematics to dimension up menace in candidates, agency co-founder and co-Chief Authorities Daniel Schreiber said in an interview. A minimal of initially, it moreover will use some typical rating parts, akin to age, gender and credit score rating scores, the company said. The product is now accessible in Illinois and product sales will begin in numerous states rapidly, it said. | Insure-Tech Company Lemonade to Present Automotive Insurance coverage protection

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