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In This Review

Lemonade is a company that offers coverage to dogs and cats of all breeds and ages. Their services are restricted to people who live in one of the 36 US states (plus Washington D.C) they offer coverage in, but they provide coverage for vet visits in any part of the United States as long as your pet sees a vet who is licensed to operate in the state they see your pet in.

Our Verdict

We give Lemonade Pet Insurance a rating of 4.6 out of 5 stars.

Lemonade Pet Insurance Review

Pros

• Offers multiple Preventative Care packages
• Affordable payment plans
• Covers diagnostics, procedures, and medication
• 5% multi-pet discount
• 2-day waiting period for accidents

Cons

• No unlimited annual coverage
• 6-month waiting period for cruciate ligament events
• No guaranteed coverage for senior pets

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About Lemonade Pet Insurance

Lemonade Pet Insurance provides affordable insurance policies for dog and cat owners. It allows several customization options for its base policy and does a really great job of setting up your young pet for success by establishing a strong preventative care support system. You can also use this insurance with nearly any licensed veterinarian in the United States.

This pet insurance is best for pet owners with younger pets because it provides coverage for basic medical expenses for accidents and illnesses. Lemonade doesn’t have an age limit and will not phase out your policy at a certain age, but depending on your state and pet breed, you may get denied if you try to purchase a policy for an older pet. The policy only has a maximum $100,000 annual limit and doesn’t cover experimental treatment, so it may not be as helpful for senior pets with complex health conditions.

Pricing & Plans (Updated in 2024)

Pet Insurance Cost Comparison

Here’s a summary of the basic things you need to know about Lemonade Pet Insurance.

Base Policy

The base policy of Lemonade Pet Insurance offers coverage for medical expenses related to accidents or illnesses. So, you can get reimbursed for items such as diagnostics, procedures, and medication necessary to treat an accident or illness.

Keep in mind that the base policy will not provide coverage for preventable incidents. Also, while pre-existing conditions and bilateral conditions are not covered by Lemonade Pet Insurance, the insurance will help pay for illnesses developed after the policy date.

Customizations

Lemonade Pet Insurance offers several different customization options to add to the base policy.

Preventative care packages:

• Preventative Package
• Preventative+ Package
• Puppy/Kitten Preventative Package

Provides coverage for pets over 2 years old for the following items:

• Wellness exams
• Fecal or internal parasite test
• Heartworm test
• Blood test
• Vaccines
• Medical advice chat

In addition to the services covered by the Preventative Package, the Preventative+ Package expands to covering flea, tick, or heartworm medication and routine dental cleaning.

The Puppy/Kitten Preventative Package provides coverage for puppies and kittens under 2 years old:

• Spaying/Neutering
• Microchipping
• Vaccinations
• Two wellness visits
• Flea/tick and heartworm medication

Lemonade Pet Insurance also offers add-ons that help cover vet visits for eligible accidents or illnesses. It also offers a physical therapy add-on that includes acupuncture and chiropractic care and has recently added EOL and dental illness add-ons.

Here are some quotes for base policies that don’t include any add-ons.

Lemonade Price Comparison For Dogs

Deductibles and Claims

Lemonade Pet Insurance has a very customizable payment plan where you can select the percentage that Lemonade pays, your annual deductible, and the maximum annual coverage amount.

% of Medical Expenses

• 60%
• 70%
• 80%
• 90%

Annual Deductible Options

• $100
• $250
• $500
• $750

Maximum Coverage Options

• $5,000
• $10,000
• $20,000
• $100,000

You can select one option from each category, and your selection will affect your monthly premium amount.

Multi-Pet Discount

Lemonade Pet Insurance offers a 5% discount on each policy if you have multiple pets. Some pet policies offer discounts at around 10%. However, you can still end up saving on costs with Lemonade Pet Insurance because it tends to already be more affordable than a lot of other pet insurance companies.

What Does Lemonade Pet Insurance Cover?

Covered

• Offers multiple Preventative Care packages
• Affordable payment plans
• Covers diagnostics, procedures, and medication
• Allergy medicine
• Arthritis medication

Not Covered

• Pre-existing conditions
• Bilateral conditions
• Elective procedures
• Issues related to breeding or pregnancy
• Behavioral conditions

Pre-Existing Conditions

In short, Lemonade Pet Insurance doesn’t cover pre-existing conditions. However, this doesn’t mean that your pet won’t be eligible for any coverage. When you submit a pet insurance application for your pet, it can still get approved. The insurance just won’t be responsible for paying for any expenses related to the pre-existing condition.

Waiting Periods

Lemonade has three different waiting periods for specific issues.

Here are the waiting periods that policyholders must adhere to before they can file a claim:

• 2 days for accidents
• 14 days for illnesses
• 6 months for cruciate ligament events

The waiting periods are effective on your policy’s start date, and you can only be reimbursed after the end of each waiting period.

Reviews from Customers

Lemonade Pet Insurance has generally positive reviews, especially when it comes to affordability. Its plans do a great job of providing adequate coverage at a reasonable price for dogs that are young and healthy. Pet owners who submit claims for accidents and illnesses outside of the waiting period are also quickly reimbursed.

Most customers use the mobile app to complete all tasks related to their pet insurance, and the app has a high satisfaction rate and an interface that’s easy to navigate.

The drawback of Lemonade Pet Insurance is that it only covers basic and common health concerns, so it’s not much help for pets that have more specialized needs or behavior-related concerns. Therefore, many pet owners looking for coverage for uncommon needs usually end up canceling their plans or looking elsewhere.

FAQ

How does Lemonade Pet Insurance know if a pet has a pre-existing condition?

Lemonade Pet Insurance will request a copy of your pet’s medical records after you purchase a policy. These records will help Lemonade determine your pet’s pre-existing conditions.

Does Lemonade Pet Insurance offer coverage for exotic pets?

No, Lemonade Pet Insurance doesn’t have plans for exotic pets. They only have plans for dogs and cats.

Can I cancel my policy at any time?

Yes, you can cancel paying for your policy at any time through the Lemonade app. Just keep in mind that if your pet develops an illness after you cancel, it will be considered as a pre-existing condition and will not be covered if you apply for a new policy.

Conclusion

Overall, Lemonade Pet Insurance is a great affordable option that works best for healthy young pets that don’t have any pre-existing conditions. You can end up saving a lot on regular vet bills as well as any unforeseen accidents that may happen along the way.

We find that it’s a great policy for pet owners with energetic young pups or kittens that may get themselves into a little bit of trouble as they’re learning to safely navigate life. It also has one of the shortest waiting periods for accidents.

As your pet ages, you may want to consider looking into other pet insurance policies that offer more extensive coverage that can cover related conditions and expenses before your pet develops a chronic condition. If you time things right, you can end up saving a lot on costs with Lemonade Pet Insurance.

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