Balloon Payments
We'll be honest, it sounds more fun than it is. A balloon payment is the…
Tag: Home Protection Insurance
Closed Mortgage
Also known as a ‘closed-end mortgage’, this is a type of home loan that must be…
Insurance Scores, Explained
Your insurance score is a bit different than your credit score. We'll help you understand…
Trampolines and Your Insurance Policy, Explained
Jump around, jump around-but will your quote be turned down? So, you have homeowners or…
Extra Coverage Documentation Made Simple
Scheduled property coverage (or Extra Coverage, as we call it at Lemonade) requires some simple…
Effective Date
An effective date refers to the exact date and time when your insurance policy will…
Actual Cash Value
Think of actual cash value as the eBay price of used items. Think of actual…
Uninsurable Peril
An uninsurable peril is an event that your insurance policy won’t cover if it results…
HO3 Policy
An HO3 policy is the most common homeowners insurance policy, protecting you, your family, and…
Hazard Insurance
Part of your homeowners insurance policy, hazard insurance protects the structure of your home against “hazards” like fire,…