Quoted Lemonade renters or homeowners and wondering how RMO MyProperty stacks up? Here’s an honest look at how a member-bundled insurance product compares to Lemonade’s app-first approach.
Both providers price renters insurance based on coverage limits, deductible, and address. Numbers shown reflect each provider’s entry-level renters offering.
Coverage details and how each insurer handles renters and homeowners products.
| Feature | RMO MyProperty | Lemonade |
|---|---|---|
| Plan Tiers | MyProperty Basic, Plus, Premier, Elite | Renters, Homeowners, Pet, Term Life (separate products) |
| Renters Coverage | Yes, in MyProperty Basic and up | Yes — Lemonade’s flagship product |
| Homeowners Coverage | Yes, in MyProperty Plus and up | Yes |
| Liability Coverage | Included; higher limits at Premier and Elite | Included |
| Quoting Speed | Online quote through member portal | App-first instant quote in seconds |
| Claims Process | Digital claims through RMO Insurance team | App-based AI claims; simple claims may pay in minutes |
| Giveback / Charity Donations | Not applicable | Lemonade Giveback — leftover premium donated to charities |
| Member Pricing on Other Products | Yes — banking, protection, roadside, more | Lemonade bundling discounts within Lemonade products |
| State Availability | Varies — check current availability | Most US states; check current availability |
| Membership Required | Yes — RMO membership | No membership needed |
| Starting Price | From $10/mo (MyProperty Basic) | From ~$5/mo (Lemonade Renters, varies) |
Coverage details summarized for comparison. Specific covered perils, limits, exclusions, and deductibles are described in each plan’s policy documents and vary by state.
Coverage limits and liability protection scale up across MyProperty tiers. Membership level required is shown for each plan.
Requires MyMembership I
Requires MyMembership I
Requires MyMembership II
Requires MyMembership III
Prices reflect current monthly rate cards and do not include the cost of RMO membership. Final premium depends on your state, address, coverage limits, deductible, and other factors. Plan availability varies by state.
Both providers cover renters and homeowners. Here’s where each tends to win.
Join RMO to access MyProperty plus dozens of other member benefits.
Pick a MyProperty tier and request a quote based on your home, coverage limits, and deductible.
Once your MyProperty policy is bound, cancel Lemonade through the app. They typically issue a prorated refund based on time remaining.
Property insurance availability and pricing vary by state. Get a quote through RMO membership to see what’s available where you live. Lemonade is also state-restricted — both providers operate in most but not all US states.
Lemonade renters insurance has been advertised from as low as $5/month in some states for very basic coverage. RMO MyProperty Basic starts at $10/month with member-bundled benefits. Final pricing for both depends on your address, coverage limits, and deductible — request a quote from each to compare apples to apples.
Lemonade is structured as a B-Corp and donates leftover premium money — what isn’t paid out in claims and operating costs — to charities chosen by policyholders. RMO doesn’t currently operate a Giveback equivalent, though RMO membership returns value through bundled banking, protection, and other member benefits.
Lemonade is well known for app-based instant quoting and AI-driven claims that can pay out in minutes for simple claims. RMO MyProperty offers digital policy access and digital service requests, with claims handled by the RMO Insurance team. Complex claims for both providers may take longer regardless of who you’re with.
Yes — RMO members can also access MyAuto for auto insurance. Bundling discounts may be available depending on your state and product mix; ask during the quote process.
Cancel through the Lemonade app or by emailing Lemonade support. They typically issue a prorated refund based on time remaining. Activate RMO MyProperty first so you’re never uncovered.
Join RMO and access property insurance that bundles with the rest of your member benefits.
