Why is the "For New York" below the fold?
Show HN: Lemonade – the world's first P2P insurance company
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Re: Show HN: Lemonade – the world's first P2P insurance company
#12How is this more "P2P" than other insurance companies are? Non-profit, yes, but the mechanism seems to be the same. There is still a central pot everybody pays into. I would like a non-profit that just pays back the spare money even more. I do not know how this would work with regulations. I guess in Germany this could be done through a "Genossenschaft", which Wikipedia tells me has an US equivalent called co-op. Wou…
Not sure how to answer your question directly but perhaps you're missing a bigger point. The price and ease of use difference compared to legacy companies is huge.
Was not criticizing the company at all, just wondering why it calls itself P2P and whether my payback model would work.
Re: Show HN: Lemonade – the world's first P2P insurance company
#13On the home page, the apostrophe in "World's" should be a curly apostrophe, not a straight single quote.
Re: Show HN: Lemonade – the world's first P2P insurance company
#14I got to "enter your name" and leaked out of the funnel. I'm willing to give up my zip code to find out how you compare to my current provider. Give me some good rates to entice me out of the rest of my data.
Hey, thanks for trying. Can you share more details? Browser, device, etc. It seems like everything works properly on our end
Re: Show HN: Lemonade – the world's first P2P insurance company
#15This looks awesome I might check it out. But the "P2P" branding is likely going to be confusing to a lot of people. In fact even after reading the explanation I still don't understand the peer to peer model in this context and I know what Peer to Peer means.
My guess is that they are using blockchain, but I cannot find any real details on their site, blog, or FAQs.
Re: Show HN: Lemonade – the world's first P2P insurance company
#16I got to "enter your name" and leaked out of the funnel. I'm willing to give up my zip code to find out how you compare to my current provider. Give me some good rates to entice me out of the rest of my data.
Hey, thanks for trying. Can you share more details? Browser, device, etc. It seems like everything works properly on our end
That comment wasn't about a bug. This person is saying that you require too much information to get a quote. And I agree.
Re: Show HN: Lemonade – the world's first P2P insurance company
#17>A transparent 20% fee to run everything
how does that compare with the profit margins of a traditional insurance company?
Re: Show HN: Lemonade – the world's first P2P insurance company
#18I got to "enter your name" and leaked out of the funnel. I'm willing to give up my zip code to find out how you compare to my current provider. Give me some good rates to entice me out of the rest of my data.
same
Hey, same here. Can you share more details? Thanks for letting us know btw.
Re: Show HN: Lemonade – the world's first P2P insurance company
#19From what I can tell P2P means it's essentially an insurance co-op. It's definitely not a world first - I had renters insurance over 10 years ago that worked this way (except I got actual dividends instead of donations in my name).
Re: Show HN: Lemonade – the world's first P2P insurance company
#20How is this more "P2P" than other insurance companies are? Non-profit, yes, but the mechanism seems to be the same. There is still a central pot everybody pays into. I would like a non-profit that just pays back the spare money even more. I do not know how this would work with regulations. I guess in Germany this could be done through a "Genossenschaft", which Wikipedia tells me has an US equivalent called co-op. Wou…
According to the video ("The Science Behind Lemonade") linked on the homepage, it seems the key difference is this company take a flat fee while other insurance company "makes profit" from declining claim , so the Lemonade has no incentive to decline a claim which makes the claim process fast;
and also they donate the extra profit to charity