Lemonade and BNP Paribas Cardif expand home insurance offering -BNP Paribas Cardif

April 09, 2024

Lemonade and BNP Paribas Cardif expand home insurance offering

Building on the existing partnership, the two companies are launching insurance for homeowners, via a 100% digital journey reinforced by artificial intelligence (AI).

Lemonade announces the launch of its new homeowners insurance in France, in partnership with BNP Paribas Cardif. This offer can be underwriting through the Lemonade App or online at lemonade.com/fr/and cardif.fr.

This new insurance is specifically crafted for customers in France, with the ability to get instantly covered starting from 10 euros per month. On top of the industry base coverage (fire, water damage, reconstruction costs, civil liability, etc.), the policy also provides a suite of add-ons to provide full scope coverage and flexibility including:

School insurance, extended coverage to children up to 18 years old to provide coverage during school and extracurricular activities,
Legal protection, helping customers in case of dispute with a third party, for a wide range of day-today situations (property, retail, work related and online reputation),
Theft outside the home providing protection to customer belongings while on the go.

This new product fulfills Lemonade's expansion since its entry in France since its entrance into the market in December 2020. As Lemonade continues to advance globally with its European business making significant strides in 2023, the launch of homeowners insurance alongside BNP Paribas Cardif will support the company's growth.

The partnership comes within the framework of BNP Paribas Cardif's strategic plan, which aims to leverage technology to enhance the customer experience, aligned with its mission of making insurance more accessible. BNP Paribas Cardif will also be able to propose this fully digital home insurance to its distribution partners.

Lemonade will benefit from the experience of an insurer with a widely recognized brand that has been operating in the French market for 50 years.

Risks are covered by both BNP Paribas Cardif and Lemonade, who act as co-insurers for this offer.