- Credit Card
- Real Estate
Lemonade insurance is a startup that markets itself as the first P2P insurance company, which totally eliminates the need of brokerage service. Are they (and a general P2P insurance organization) a de-facto mutual insurance company / self insurance group? They didn’t mention this in their legal page. However they said the policy will be issued by Lemonade Insurance Company, a separate entity.
If so, what is their competitive edge? As far as I know mutual insurance company is not very popular nowadays.
And if not, how do they differ? And again, what’s Lemonade’s competitive edge?