How to protect yourself from lemonade renters
Insurers have been trying to come up with a new solution to the problem of lemonade rental insurances.
Insurers say that if you’re in a lemonade business and you get a lemon of any kind and someone starts stealing it, you should pay for the damage, and then you get to keep the money.
But that doesn’t work if the lemonade itself isn’t stolen.
Insurers are trying to find a way to keep insurance premiums low, which would lower the cost of insuring customers.
Insurer Blue Cross Blue Shield of Indiana says that it will begin charging customers with no lemonade insurance coverage if they have more than three lemonade rentals.
Insured individuals could be paying more than $1,000 for lemonade and other lemonade items each year.
Insurance company Blue Shield also says that if customers have a lemon-related injury or property damage in the last year, they could have to pay a $500 insurance premium.
Insurance companies have been taking lemonade liability insurance seriously.
They’ve been looking at different approaches to keep customers covered, but they’re not ready to offer lemonade insurers a lemon option.
Insurements are already doing that, but it’s not a common practice.
Insurer Blue Shield says that in the next two years, the insurance industry will work with the state’s Department of Insurance and Consumer Protection to come together and develop a common approach to lemonade insuring consumers.