Updated
Apr 17, 2023 If you live in an apartment or rented home, renters insurance can help protect the personal property that you keep there in the case of a catastrophe. Many landlords require that renters purchase insurance before they can occupy a unit.
Lemonade and Jetty are two of the top renters insurance carriers. This guide will help you compare the two to find out which is the better option for your situation.
In this comparison:
Lemonade vs. Jetty overview
 |  | |
|---|---|---|
| Monthly Premiums | As low as $5 | As low as $9 |
| Deductibles | $250 – $2,500 | $250 – $2,500 |
| Coverage Limits | $10,000 – $250,000 | $6,000 – $50,000 |
| Add-ons | – Jewelry – Fine art – Bikes – Cameras – Musical instruments – Earthquake coverage – Water backup – Landlord property damage | – Valuables – Personal electronics – Bedbugs – Airbnb theft protection |
Note: The deductible and coverage limits are based on quotes we received from each company.
Lemonade is a renters insurance provider that offers low-cost, basic coverage. One nice perk from the company is that you can customize your plan so that you only pay for the coverage you need. If you don’t own a bike or fancy jewelry, you can skip those coverages to save a few dollars each month. One drawback is that Lemonade only offers renters and homeowners insurance, so you can’t bundle with your other policies.
Jetty primarily offers renters insurance by partnering with apartment buildings, so it can be a good choice for people who live in a building that works with the company. Jetty offers three tiers of coverage that you can customize. Two major drawbacks of Jetty are that the company has no online claims process and that owners of dog breeds considered dangerous by the company can’t purchase insurance.
Lemonade vs. Jetty: Which is right for you?
Most renters insurance companies offer similar services, so it can be hard to find the best choice for your needs. We’ve broken down some scenarios below that you can use to decide whether Lemonade or Jetty is the better insurance provider for you.
If one of the scenarios listed below stands out to you, click that option to jump directly to that section.
- If you rent your apartment on Airbnb
- If you want cheap, basic coverage
- If you worry about bedbugs
- If you want to work with a charitable company
- If you live in the Midwest
- If you own a dog
If you rent your apartment on Airbnb
If you live in a major city or tourist destination, you might rent a spare room on Airbnb or try to rent your whole apartment when you’re away from home.
In this scenario, Jetty insurance is the better choice because the company offers specialized protection for people who rent their homes on Airbnb.
>> Ready to apply for coverage through Jetty? Click here.
If you want cheap, basic coverage
If you’re only looking for a basic insurance policy that covers your landlord’s requirements, Lemonade is probably the better choice. The company offers low-cost plans and you can customize your coverage and deductible to suit your needs.
>> Ready to apply for coverage through Lemonade? Click here.
If you worry about bedbugs
Anyone who has had bedbugs knows how terrible the experience can be. Dealing with bedbugs can be incredibly difficult and time-consuming, which makes the process costly.
Jetty offers specialized bedbug coverage that can help you pay for some of the costs of dealing with these pests if they manage to invade your apartment.
>> Ready to apply for coverage through Jetty? Click here.
If you want to work with a charitable company
Lemonade is a certified “B-corporation” or “public benefit corporation.”
B-corporations are businesses dedicated to promoting social and environmental good rather than solely pursuing profit.
If you want to work with an insurance company that has a strong corporate social responsibility and is dedicated to improving people’s lives, Lemonade has made that commitment.
>> Ready to apply for coverage through Lemonade? Click here.
If you live in the Midwest
If you live in the Midwest, Lemonade may not serve your state. Meanwhile, Jetty operates nationwide, with the exception of the following states:
- Hawaii
- Florida
- North Carolina
- Indiana
- Missouri
- Connecticut
- Rhode Island
This means that people who live in states that Lemonade doesn’t serve may have to choose Jetty.
>> Ready to apply for coverage through Jetty? Click here.
If you own a dog
Jetty refuses to extend insurance policies to renters who own certain breeds of dog that the company considers dangerous. Lemonade has fewer breed restrictions, depending on where you live.
>> Ready to apply for coverage through Lemonade? Click here.
Where to find other renters insurance alternatives
When applying for renters insurance, it always makes sense to compare multiple coverage options to ensure you find the best deal. Our guide to the best renters insurance companies can help you compare some of the many companies out there to find the best policy for your needs.