Survey Finds More Than 50% of Renters are Hispanic, Most Uninsured

It seems that every year, survey results are communicated that consistently show that individuals and families that rent are going without insurance. As noted in the attached Dec 24th article from claimsjournal.com, there appears to be an opportunity for some further education of the need and value of this important coverage.

“Only twenty nine percent of Hispanics who rent their homes report having renters insurance, according to a new survey by State Farm. In fact, among respondents without renters insurance more than one third (34 percent) said they had never heard of renters insurance. Further, most overestimated the cost of coverage and underestimated the value of their property. Not having renters insurance could leave Hispanic families vulnerable to a financial catastrophe especially during the holiday season.”

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