Most Renters Don't Bother With Insurance

Most Renters Don’t Bother with Insurance:

“A recent survey of renters commissioned by Trusted Choice found that most Americans who rent their homes don’t have insurance that would cover their losses in the event of burglary, fire or other unexpected occurrences.
Trusted Choice, based in Alexandria, Va., is the consumer marketing brand for 6,000 independent insurance agencies and brokerage firms across the country. The survey of more than 2,000 adults was conducted in mid-May by ICR, an independent research firm.
Madelyn Flannagan, a spokeswoman for Trusted Choice, said the survey "uncovered a persistent lack of awareness or understanding about property and liability risks faced by renters.”
Two-thirds of those surveyed don’t have renters’ insurance. There are 35 million Americans who rent rather than own their own home, according to figures Trusted Choice obtained from the National Multifamily Council.“ from Reality Times