With recent studies indicating as high a 50% of renters uninsured, natural disasters like Sandy and the Illinois tornadoes ironically help increase public exposure to the role and benefit of renters insurance. While many renters abstain over cost and risk arguments, the fact is that many renters simply don’t understand or appreciate this form of insurance. The increasing tendency of landlords to require renters insurance of tenants might not be a bad thing, for both renters and insurance industry alike.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
With recent studies indicating as high a 50% of renters uninsured, natural disasters like Sandy and the Illinois tornadoes ironically help increase public exposure to the role and benefit of renters insurance. While many renters abstain over cost and risk arguments, the fact is that many renters simply don’t understand or appreciate this form of insurance. The increasing tendency of landlords to require renters insurance of tenants might not be a bad thing, for both renters and insurance industry alike.
This is a wake-up call for everyone, that getting renter’s insurance is an investment, not a waste of money.