How fast does Lemonade insurance pay out?

According to their website, Lemonade says that if your claim is instantly approved, their AI will pay out your claim within seconds.

30% of their claims are handled instantly, and their fastest recorded claim was 3 seconds.

They also have an average claims rating of 4.9 out of 5 on their app.

Lemonade has won the following awards:

• #2 Product of the day on Product Hunt on September 21, 2016
• #4 Product of the Week on Product Hunt on September 21, 2016