Only a third of apartment renters (33%) have insurance, including 20% who say it is mandatory at their rental community, according to Apartments.com. Renters are 50 times more likely to be the victims of theft than homeowners, according to Department of Justice statistics cited by Apartments.com. Renters most commonly choose to get insurance out of concern for:
• Theft (79%);
• Fire/lightning (71%);
• Water damage (52%);
• Extreme weather, such as hail or windstorm (41%); and
• Smoke damage (41%). [Home/Housing, Insurance]
Source: “What Renters Want: Insurance,” Apartments.com, Tammy Kotula, Communications,175 W. Jackson Blvd., #800, Chicago, IL 60604; 312-601-5305; tkotula@apartments.com; www.apartments.com.
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