Renters insurance seems undervalued by both apartment and single-family home dwellers. In fact, only 34% of home and apartment renters have insurance, according to a study from InsuranceQuotes.com.
When surveyed, 60% of people incorrectly guessed $250 to be the annual cost of renter's insurance. About 21% of individuals interviewed thought renter's insurance would cost them as much as $1,000 per year or more. In reality, the true cost of renter's insurance is only $185 per year.
Read more...Only 34% of renters have insurance | HousingWire