Chewy Expands CarePlus with New Lemonade Pet Partnership
October 20 2022 - 8:30AM
Business Wire
Expanded insurance and wellness offerings
provide high-quality healthcare for all with new hassle-free,
mobile-friendly claims experience
Chewy, Inc. (“Chewy”) (NYSE: CHWY), a trusted destination for
pet parents and partners everywhere, is expanding CarePlus, its
exclusive suite of insurance and wellness offerings, with new plans
provided by Lemonade Pet, Lemonade’s (NYSE: LMND) highly-rated pet
health insurance product.
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Through this partnership, millions of Chewy customers will have
the ability to conveniently select and create customized plans to
meet their unique needs. Pet parents will also benefit from all of
Chewy’s customer-forward pet health services - from access to
veterinarians via its innovative telehealth service, “Connect with
a Vet,” to Chewy Pharmacy (Rx), the nation’s #1 pet pharmacy, and
Chewy’s award-winning customer service.
“Chewy launched CarePlus to help make pet healthcare more
affordable and accessible. Finances are a main barrier when it
comes to pet health, and we don’t want pet parents to choose
between their pets’ health and their financial well-being. We are
proud to partner with Lemonade to broaden our offering and meet
more pet parents’ needs. Together, we share a deep commitment to
innovation and delivering a customer-centric, digital experience to
make insurance simple for everyone,” said Mita Malhotra, Vice
President and Head of Chewy Health.
Chewy and Lemonade are working together to make pet healthcare
simpler and more obtainable for pet parents nationwide. In addition
to enjoying a variety of plan options, pet parents will also be
able to utilize the Lemonade app on any mobile device to instantly
file claims, access policy coverage, track billing and typically
receive payments within seconds. Chewy and Lemonade also share a
commitment to bettering the lives of pets everywhere, with
donations of unused premiums going to the animal-focused charities
that customers most care about.
“Lemonade Pet couldn’t be easier, or faster. Pet parents can
access preventative care, world-class customer service, support
animal nonprofits and usually get their claims paid in seconds -
all from the comfort of their phone,” said Daniel Schreiber, co-CEO
and co-founder of Lemonade. “Today’s partnership with Chewy brings
together two tech-powered, values-driven companies, joining forces
to drive transparency and ease of use for pet parents across the
U.S.”
The CarePlus with Lemonade Pet plans are expected to launch
exclusively on Chewy.com beginning in Spring 2023.
About Chewy
Our mission is to be the most trusted and convenient destination
for pet parents and partners everywhere. We believe that we are the
preeminent online source for pet products, supplies, and
prescriptions as a result of our broad selection of high-quality
products, which we offer at competitive prices and deliver with an
exceptional level of care and a personal touch to build brand
loyalty and drive repeat purchasing. We continually develop
innovative ways for our customers to engage with us, and partner
with more than 3,000 of the best and most trusted brands in the pet
industry offering more than 100,000 products, to bring a high-bar,
customer-centric experience to our customers.
About Lemonade
Lemonade offers renters, homeowners, car, pet, and life
insurance. Powered by artificial intelligence and social impact,
Lemonade’s full stack insurance carriers in the US and the EU
replace brokers and bureaucracy with bots and machine learning,
aiming for zero paperwork and instant everything. A Certified
B-Corp, Lemonade gives unused premiums to nonprofits selected by
its community, during its annual Giveback. Lemonade is currently
available in the United States, Germany, the Netherlands, France,
and the UK, and continues to expand globally.
Forward-Looking Statements
This communication contains forward-looking statements about us
and our industry that involve substantial risks and uncertainties.
All statements other than statements of historical facts contained
in this communication, including statements regarding our business
strategy and plans and objectives of management for future
operations, are forward-looking statements. These forward-looking
statements are based upon the current assumptions, beliefs and
expectations of our and Lemonade’s management and are subject to
risks and uncertainties that could cause actual results to differ
materially, including risks and uncertainties relating to whether
and the extent to which the partnership may be successful; the
ability to integrate, implement and otherwise operationalize the
partnership; the competitive environment and ability to anticipate
and respond to market trends; difficult conditions in global
capital markets and the economy; and other risks, uncertainties and
other factors described in our and Lemonade’s filings with the
Securities and Exchange Commission. The results, events and
circumstances reflected in the forward-looking statements may not
be achieved or occur, and actual results, events or circumstances
could differ materially from those described in the forward-looking
statements. The forward-looking statements made in this
communication relate only to events as of the date on which the
statements are made. We undertake no obligation to update any
forward-looking statements made in this communication to reflect
events or circumstances after the date of this communication or to
reflect new information or the occurrence of unanticipated events,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221020005653/en/
Diane Pelkey dpelkey@chewy.com
Natalie Gerke natalie.gerke@lemonade.com
Lemonade (NYSE:LMND)
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