Check out this revolutionary home and renters insurance alternative

Lemonade is redefining insurance for urban dwellers, taking a flat fee and giving unclaimed funds to charity.

Purchasing home and renters insurance is an annoying but also totally necessary rite of passage when it comes to adulting. The worst parts of working with most insurance companies are getting through the painfully slow bureaucratic processes, and of course, the overarching feeling that somehow they don’t have your best interest in mind.

Lemonade is an insurance company that breaks the mold and redefines the home and renters insurance model, using technology for total transparency. Here’s how it works: Lemonade’s policies can start as low as $5 per month for renters and $25 per month for homeowners. The company gets paid from the fee you pay, and any money that’s left unclaimed is given to charity. In short, the premiums you pay are treated like your money.

Because Lemonade doesn’t profit from denying or accepting claims (like traditional insurance companies), the overall ethos of the company is more democratic — and you can use the app to handle claims instantly. You can access Lemonade through both the iOS and Android apps, and purchase a policy through the website.

Learn more about Lemonade by visiting their website — and get started with an immediate price quote based on your needs.