French insurance coverage agency BNP Paribas Cardif has teamed up with residence insurtech platform Lemonade to supply renters insurance coverage.
The insurance coverage coverage, which is geared toward youthful prospects, supplies typical protections together with private legal responsibility insurance coverage and covers harm to non-public property contained in the insured residence.
Moreover, the insurance coverage gives coverages tailor-made to the calls for of the French market and locals resembling the flexibility to regulate protection limits and choose extra protection for prime worth belongings, amongst others.
The coverage subscription and claims submission are 100% on-line and prospects can entry it by way of the businesses’ web sites and Lemonade’s app.
BNP Paribas Cardif deputy CEO for France and Luxembourg Fabrice Bagne mentioned: “We’re delighted to announce this collaboration with Lemonade, which is emblematic of our want to repeatedly innovate in forward-facing partnerships.
“We share an actual dedication to combining the experience of the 2 companions as a way to facilitate entry to insurance coverage by way of digital channels whereas delivering high-quality companies for policyholders all through the time period of their insurance coverage cowl.”
As co-insurers for this programme, BNP Paribas Cardif and Lemonade will each insure dangers.
Lemonade co-CEO and co-founder Daniel Schreiber mentioned: “As a well-developed insurance coverage market with hundreds of thousands of digitally-savvy renters, France continues to be an thrilling alternative and focus for us since launching in 2020.
“A famend model like BNP Paribas Cardif mixed with Lemonade’s on the spot and clear strategy to insurance coverage brings the perfect of each worlds to French residents on the lookout for a seamless solution to defend their issues.”
