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Not sure how to answer your question directly but perhaps you're missing a bigger point. The price and ease of use difference compared to legacy companies is hu
by jsloss 10y ago
Not sure how to answer your question directly but perhaps you're missing a bigger point. The price and ease of use difference compared to legacy companies is huge.
- allendoerfer 10y agoWas not criticizing the company at all, just wondering why it calls itself P2P and whether my payback model would work.
- daschreiber 10y agoDaniel from Lemonade here. Totally understand how P2P can be confusing as a term. What we mean by it is that we use each group's premiums to pay their claims, with leftover money going back to the group's common cause. To us P2P is a shorthand for: 'it's not our money'!
- madebysquares 10y agoWhile I understand the sentiment it seems like a confusing message to put out there. With the "P2P" label when it's not a typical P2P model.