Lemonade, the homeowners and renters insurance provider that’s raised $480 million, has announced its plans to expand into pet insurance. This marks the startup’s foray into a new insurance vertical.

To be clear, Lemonade is simply announcing its plans. Right now, the company is going through the regulatory process, which will make its intentions a matter of public record. The actual pet insurance product won’t be available until the regulatory process is completed, which could take “months”, according to founder and CEO Daniel Schreiber.

All that said, we don’t know too many details about the product, like price or the type of coverage that will be offered. We do know, however, that the coverage will be exclusively for dogs and cats.

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