Lemonade launches an open source insurance policy that anyone can edit
According to a news release, the policy is open to editing from the ‘wisdom of the crowd’, turning the traditional way of crafting an insurance policy on its head. Because the policy is open source, it’s not copyrighted, which means the community can edit it on Github and all of Lemonade’s competitors have access to it, too. The policy is also written in English and is intended for US renters, but the company plans to expand it to cover other lines, languages, and legal jurisdictions.