Lemonade Insurance Company has filed for a 30% rate increase on HO3 homeowners policies in Virginia. The change, effective July 21, 2025 for new business and September 19, 2025 for renewals, affects 2,420 policyholders and $5.7 million in premium, raising premiums by about $1.7 million.

The filing applies only to HO3 policies, with no changes to HO4 or HO6 rates. It reflects a 32.1% indicated need and incorporates catastrophe provisions for hurricanes, severe convective storms, wildfires, and winter storms, based on exposures as of September 2024. Catastrophe modeling was performed using AIR Touchstone v10.0.

The revision follows a 17.8% increase implemented in January 2024. Regulators issued an objection over manual page alignment and content changes, which Lemonade attributed to formatting issues.