Is PMI the same as mortgage insurance?

Is PMI the same as mortgage insurance?

Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. Sep 4, 2020

Does Lemonade deny claims?

We will never be in conflict with our customers, and never make money by denying their claims. Tweet this!

Does Lemonade cover water damage?

Insurance will only cover water damage under specific circumstances. With this optional add-on, Lemonade will cover damage caused by water expelled from drains or sewers. This is a common endorsement in property insurance. Jan 1, 2022