More than 57,000 pet owners will see their pet insurance premiums rise sharply following the California Department of Insurance’s approval of substantial rate increases for Lemonade pet insurance policies. The CDI green-lighted an overall increase of 14%.
Currently, Californians with Lemonade pet insurance pay an average of $710 annually for their coverage. With the approved rate increase, the average premium will jump to $827 per year.
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