LemonadeInsurtech Lemonade has said it is capping claims payments for loss of firearms at $2,500. The firm said it considers this amount "adequate" in covering the loss or theft of such property. The company said social reasons are behind the introduction of the maximum payout. As an insurance company some responsibility should lie with Insurtech Lemonade to help protect its clients from damage caused by firearms, Daniel Schreiber, the firm's CEO said in a company blog. He added while it's unlikely the firm's policy will have a significant impact, he wanted Insurtech Lemonade's customers to be responsible gun owners.
Insurtech Lemonade has said it is capping claims payments for loss of firearms at $2,500. The firm said it considers this amount "adequate" in covering the loss or theft of such property. The company said social reasons are behind the introduction of the maximum payout. As an insurance company some responsibility should lie with Lemonade to help protect its clients from damage caused by firearms, Daniel Schreiber, the firm's CEO said in a company blog. He added while it's unlikely the firm's policy will have a significant impact, he wanted Lemonade's customers to be responsible gun owners.