Insuring your camera gear with Lemonade?

4 years 10 months ago #646232 by George Winters
I had an ad show up for this insurance company called "Lemonade" a few days ago.  Claiming $5 per month to insure $2499 camera.  Have any of you tried this company?  

Actually if you have, what I really want to know is if you have had to file a claim, and what was the experience with that?  


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4 years 10 months ago #646264 by icepics
Never heard of it but did a quick search and got recipes for lemonade! And a link to their site... Consists of a number of companies, registered in Delaware; apparently companies from other countries that may not be registered as businesses in the US are able to run their business out of Delaware. (And I don't get how it works to know how legit it is.)

They have an agent in NYC too but don't necessarily seem to be a licensed insurance company in other states - better check and see for your state.

Also have a company governed in Israel... I don't know which of their companies you'd be insured through or if you'd be covered/protected under US law.

Under Legal Stuff it goes on and on about Reinsurance and Giveouts and I quit looking thru that part... Under Terms of Service in the third paragraph it says all the products etc. may not be available in all areas of the US (I figured that...) and you may not be eligible for them.

You gotta look up these offers and companies and make sure they're legit.

Sharon
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4 years 10 months ago #646288 by Scott Klubeck
First time seeing this company.   Interesting name for insurance company.   Eh, need to dig further myself.  


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