Here is what Progressive found out in a recent renters survey:
72% of Millennials don’t have renters insurance. They THINK:
Nothing will ever happen to me (17%)
I live in a safe building, I don’t need to lock my door (13%)
Renters insurance is too expensive (25%)
I’m covered by my roommate’s insurance (22%)
Theft is the most common renters insurance claim.
Renters insurance can cost less than $20. per month.
Unless items are considered “shared goods”, roommates need separate renters policies.
As published in IA Magazine, 2/2016