World’s First Open Source Insurance Policy

Congratulations! This is your Lemonade Contents and Personal Liability Insurance Policy for your home at Kurfürstendamm 231, 10719 Berlin. Your policy number is LP234F32.

We want to make sure you know what you're getting for your upfront payment of 5,20 € per month, so we did our best to make this policy short and easy to understand.

This policy covers Max Schmidt, your partner, any children , and your relatives permanently living at Kurfürstendamm 231, 10719 Berlin.

Any mention of you or your stuff within this policy also applies to these other people and their things.

This policy covers damages to your stuff, and events directly leading to damage or injury to others , that occur after 21. November 2024 at 11:21, for as long as it remains active.

We'll automatically renew your policy on an annual basis until either one of us decides to discontinue.

We cover your stuff against fire, smoke, explosion, burglary, robbery, vandalism, windstorms, hail, and collisions by vehicles or aircraft to your home. You’re also covered for water damage caused by an unintended leakage of tap water, like burst pipes or a leaking appliance (e.g. your washing machine), or leaking waterbeds and aquariums.

Your stuff is also covered against theft, lightning (including overvoltage due to lightning), flooding and weather-related backwater, earthquake, subsidence, landslide, snow pressure, avalanches and volcanic eruptions.

If you’d like to increase any of these coverage limits, let us know.

We offer 100% replacement value for any destroyed, damaged, or stolen item. This means we will pay you the cost to repair or replace an item (whichever is lower) based on the price of a new one of the same make and model, without any deductions for depreciation. If the exact item is no longer available, we’ll reimburse you enough to buy a replacement of equivalent type and quality. We don’t pay less just because your damaged item was used.

This policy covers your stuff, up to a limit of 30.000 € per event, for damages caused by fire, smoke, explosion, burglary, robbery, vandalism, windstorm, hail, collisions by vehicles or aircraft to your home, and water damage caused by an unintended leakage of tap water, like burst pipes or appliance leaks, or leaking waterbeds and aquariums.

Your stuff is also covered against theft as long as you have taken reasonable care to protect it. Theft means when someone steals your stuff without illegally entering the premises or threatening violence. So if your mobile phone or bicycle gets stolen while outside your home, you’re covered. Just remember to lock up your bicycle, and to avoid leaving your phone unattended, otherwise any theft would not be covered.

You’re also covered for damages to your stuff caused by lightning (including overvoltage due to lightning), flooding and weather-related backwater, earthquake, subsidence, landslide, snow pressure, avalanches, and volcanic eruptions.

We also cover reasonable and necessary costs arising from covered damages (e.g. to protect your stuff, for experts to assess the damage, to clean-up, to move your stuff during repairs, to transport your stuff into temporary storage or to a new address, to replace the locks, to provide temporary security). If the total damages exceed the coverage amount you selected, we’ll provide an extra 10% to cover these additional costs.

Damages not mentioned above, such as “I lost it,” “my dog ate it,” “my kid dropped it,” “my power went out,” “my computer died,” “my roof is leaking,” “I overfilled my bathtub,” “I found mold on my sofa,” aren’t covered.

We pay up to 5.000 € per item. Higher value items will need to be added to your policy and approved by our team first. So please let us know if you have any items worth more than 5.000 € each, so we can cover them fully. Things normally purchased as a pair or set, like a pair of earrings or a drum kit, are considered a single item.

We only cover your physical stuff. Intangible things like your health, reputation, identity, data, lost wages, privacy, credit rating, and financial instruments (including cash, cryptocurrency, and stocks) are not covered.

We only cover stuff that’s normally kept in your home, balcony, terrace, garage, garden shed, or a storage unit in your building, but not common or unprotected areas. (We make an exception for appropriately secured strollers and wheelchairs in your building.) Things that are normally kept elsewhere, like at your vacation home, office, or a storage facility, aren’t covered. But we will also cover your stuff if it’s temporarily outside your home.

We only cover the stuff you own and that is in your possession. Things you borrow or willingly hand over to someone else, are not covered. So if you handed something you own to someone else, it’s their responsibility and won’t be covered. For example: if your stuff gets damaged during shipping, dry cleaning, an apartment move with movers, handling by an airline, or while on loan to a friend, we won’t cover it.

But we also cover someone else’s stuff while in your home.

We don’t cover items which mysteriously disappear.

We don’t cover stuff that’s usually covered by other types of insurance, such as auto, pet, or business. So damage to your car, business equipment such as your work laptop, professional camera gear, injuries to your pets, and so on, aren’t covered.

We don't cover property that is illegal for you to own, nor any firearms.

If the damage was caused by your gross negligence, we’ll cover you and waive our right to reduce the amount we pay. But we do not cover damage that was intentionally caused by you.

If you are underinsured (meaning the coverage amount you selected is less than the total value of your stuff), we’ll waive our right to reduce the amount we pay. But we do not cover damage above the coverage amount you selected.

Damage caused by war, terrorism, civil unrest, or nuclear energy is not covered.

If needed, we'll provide legal defense at our own expense and pay the damages on your behalf.

We may investigate, settle, or contest the complaint on your behalf as we judge best.

We cover claims resulting in property damage, bodily injury, or financial loss but not things such as stress, mental anguish, reputational damage, or loss of data.

We cover financial losses you cause to others resulting neither from property damage nor bodily injury (e.g. you accidentally lock someone else’s bike with yours, so they are required to pay for a taxi to go to work). We don’t cover losses from financial or economic activities (such as investments or real estate), the infringement of intellectual property or copyrights, or due to your failure to meet a deadline. The maximum amount we’ll pay in these cases is 50.000 € per event.

We cover your liability as a private individual. So if you are renting out your home as a landlord or are conducting other business, this would not be covered. We make an exception for volunteering, babysitting or tutoring, internships, or other paid work as part of your studies.

We cover damage you accidentally cause to a home, holiday home, or hotel you rent (“Mietsachschäden”). This includes any fixed installations (e.g. sinks, floors, walls) or furnishings, as well as damage to any impacted neighbors or other third parties. But we don’t cover glass breakage, nor damage due to wear and tear.

We cover damages to items that you temporarily rent or lease. Damage to items you borrow are not covered.

You’re also protected if you lose the building or room keys to the apartment you rent. If this happens, we’ll cover the necessary costs to replace the locks and for temporary security measures, up to 50.000 € per event. But we don’t cover any damage if you lose professional keys (e.g. the keys to your office).

We cover damage you cause with your bicycle or electric bike. Damages caused when using motorized vehicles subject to compulsory insurance requirements (e.g. cars, mopeds, S-Pedelecs, e-scooters) are not covered.

We cover damage you cause when using small boats or watercraft. But we don’t cover boats with a sail area greater than 15m2, powered with motors exceeding 15 HP, or if compulsory insurance or a licence is required.

Damage caused by the use of drones or other aircraft subject to mandatory insurance requirements is not covered.

We cover damage caused by most small pets, but we don’t cover damage caused by dogs, horses, livestock, or wild animals. We make an exception for certified service dogs, or damage caused by someone else’s dog or horse while temporarily in your care.

We cover property damage arising from the exchange of electronic data (e.g. you accidentally spread a virus via an email or USB, making your friend’s laptop unusable). You must have taken appropriate measures to secure the data (e.g. up-to-date anti-virus software). However, we don’t cover any financial losses including damages from data breaches, or costs relating to the loss or recovery of data. The maximum amount we’ll pay in these cases is 50.000 € per event.

We don’t cover damage caused by firearms.

We don’t cover damage or injury arising from exposure to hazardous substances or lubricants (e.g. asbestos, fuel, oil). We make an exception for groundwater damage due to the leakage of household substances such as paint or bleach, if used in reasonable quantities (up to 50l per container and no more than 250l in total).

We don’t cover damage relating to the transmission of any disease.

We don’t cover damage caused intentionally, or as a result of a deliberate criminal or administrative offense.

We do not cover damage or injury that you cause to other people who are covered under this policy.

We don’t cover damage relating to harassment or discrimination.

You are covered if the claim is based on statutory liability provisions under private law. So if you’ve agreed to pay for damages, even if you aren’t responsible, this wouldn’t be covered.

A deductible is an amount that defines your participation in potential damage. It’s called a deductible, because it’s deducted from your claim payment.

For example, if you have a covered claim that amounts to 7.000 €, we will end up paying 6.500 € (after we deduct the 500 € ‘deductible'). It also means there's no point in filing claims for anything less than 500 €.

Opting for a higher deductible means you’re taking more of the risk on yourself, so it is often a way to lower your monthly payment. You can increase or decrease your deductible. It’s up to you.

Notify us without undue delay of any damage or loss. If it relates to injuries or damages that you accidentally cause to others, notify us within one week. But notify us without undue delay about any court proceedings against you.

Call the relevant authorities (e.g. police, fire department or emergency medical services) or other people in a position to help (e.g. landlord or apartment manager).

Take reasonable steps to avoid or minimize the damage (e.g. move property or people out of harm's way, try to put out the fire, call a plumber to prevent ongoing damage). You can include any associated costs that you consider reasonable and necessary in your claim.

Take reasonable steps to recover your losses, including exhausting other insurance before making a claim with Lemonade (e.g. your travel insurance). To the extent the loss is covered by other insurance, no coverage is provided.

Provide us with the information and records we ask for as soon as possible (e.g. contact information for parties that may be involved, proof of ownership).

We may ask you to provide evidence or recorded statements relating to your claim.
We may also ask you to take other reasonable steps to ensure we have complete and truthful accounts of the loss and its circumstances.

If you end up recovering your stuff (e.g. it was stolen and you get it back), you agree to return the money we paid you for that loss.

We may also report it to the authorities.

Our policies renew automatically on an annual basis. Your policy will remain active until it is cancelled by you or by us.

If we choose to cancel this policy, we'll notify you at [email protected]. We will provide at least one month's notice.

You are free to cancel your policy at any time, and we will return the unused portion of your payments. Also, please note cancellation will only take place from the date you asked us to cancel the policy, and not before.

As part of loss payments that might take place under this policy, we will pursue the responsible party to recover what we can, to the extent we are allowed to, according to statutory provisions.

If you get reimbursed by someone else, like your credit card company, your friend, or landlord, you agree to return the money we paid you for that loss. No double-collecting allowed!

If any of the information you have provided to us has changed, you need to let us know.

If you’re moving to a new permanent residence, you continue to be covered by your liability policy if you accidentally cause damage or injury to others. But to make sure your stuff is covered at your new home, you’ll need to cancel your existing contents policy and create a new one at your new address.

Your stuff continues to be covered at your current address for up to one month after you start moving out. During this time, your stuff is also covered at your new address so long as the new address is within Germany. After one month, protection for your stuff will automatically end.

If your family situation has changed (e.g. your partner has moved in with you) we temporarily extend coverage for up to one month. If you would like to be permanently covered for this new situation, please let us know so we can agree on an update of your policy.

Your 5,20 € per month payment corresponds to an annual premium of 62,40 €, which payment includes Insurance Premium Taxes (8,40 € at a rate of 19% on 85% of the premium for Contents, and 12,24 € at a rate of 19% for Personal Liability). Our insurance tax number is: 817/V20000040812.

If we update the conditions of your policy in your favor at no additional cost, we will apply these improvements with immediate effect.

Kudos to you my friend, because you’ve just become a master of your insurance policy! Tell your mom, brag at parties, put it on your resume… because let’s face it, people will be impressed.

And of course, please contact us if anything remains unclear, or if you need more coverage than this policy provides.

We wish you a wonderful year - but should you encounter any problems along the way, we’ll do our best to undo them.

Lemonade Agency B.V. on behalf of the insurer Lemonade Insurance N.V.
Spuistraat 112A, 1012 VA Amsterdam
The Netherlands

Lemonade.com/de
[email protected]