Many millennials are graduating from high school and starting college, and moving on to these next chapters in life can be exciting but also quite stressful. Millennials have a lot to focus on, which is not surprising a recent article from PropertyCasualty360 reporting that millennials are most likely to rent homes but the least likely to purchase renters' insurance.
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According to recently conducted surveys, 66 percent of 18 to 29-year-olds rent their homes, but nearly 70 percent of those millennials don't have renters' insurance.
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When asked what was keeping them from getting coverage, a majority explained that cost wasn't the primary reason they chose to go without coverage. Instead, 61 percent of millennials skip renters' insurance because they believe their property is secure enough and safe from potential damages; 43 percent claim they do not have enough property to insure; and 41 percent report not understanding how the product works.
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Renters' insurance is a wise investment that millennial clients shouldn't miss out on simply because they lack awareness.
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For more information contact your agent or call us.
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Read the full article at: www.simplifiedinsurance.net/blog
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Simplified Insurance Agency – Insurance Made Simple!
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Office: 1927 N Federal Hwy, Boca Raton, FL 33432
Phone/Whatsapp: (561) 672-7897
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