When Lemonade evaluates customers’ insurance applications, we take a wide range of relevant data points into account, such as credit score and claims history, in order to provide our policyholders with fair and accurate rates.
Under Virginia law § 38.2-2126 A-1, we’re required to make the following disclosure:
In connection with this application for insurance, we shall review your credit report or obtain or use an insurance credit score based on the information contained in that credit report. We may use a third party in connection with the development of your insurance credit score. You may request that your credit information be updated and if you question the accuracy of the credit information, we will, upon your request, reevaluate you based on corrected credit information from a consumer reporting agency.
If you have any further questions, please reach out to [email protected].