Renter’s Insurance and Misconceptions among Millennials

A recent study found that millennials are renting in larger numbers than ever before, but that they are not getting renter's coverage even though it's inexpensive and can provide protection for their belongings. Researchers also found that most (75%) of the people surveyed did not know they could obtain renter's insurance for about the same monthly cost as a pair of movie tickets, and had therefore not purchased coverage for their possessions. They concluded that there was a clear misconception among this group of young people about how important it is to have renter's insurance and the true cost of…

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