Tag: renters insurance news

Renters insurance still battling with consumer misunderstandings in Atlanta

H. Cutner
Renters Insurance

Research is indicating that many tenants feel that coverage is less affordable than it actually is. Though the number of tenants is on the rise, according to national American statistics, over half are not protecting their possessions and their place to live through renters insurance. The primary reason that tenants have identified as a barrier to coverage is an inability to afford it. Recent research performed in Atlanta and other major American cities have shown that a misunderstanding of the cost of renters insurance is leading many tenants to refrain…

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Renters insurance missing among 66 percent of tenants

Renters insurance

Two out of every three Americans who rent their home are risking all of their possessions. A recent study has just revealed that only 34 percent of American tenants currently have active renters insurance, which means that the majority of them are taking a gamble with all of their belongings should they ever experience a fire, burglary, or other peril that is typically covered by the policy. Among the most commonly cited reasons that those without coverage gave was cost. However, at the same time that tenants were saying that…

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Renters insurance in North Carolina to increase 13.2 percent

Renters insurance

Rates for homeowners policies will not be affected by this change. North Carolina’s Commissioner Wayne Goodwin has announced that he is stepping away from his decision for slightly decreasing rates for rental insurance and other types of coverage for properties that are not occupied by their owners, due to a court battle declared by the industry. An out of court settlement has now been reached for the case between the industry and the Insurance Department. A compromise was reached in the settlement that fell between the 2.6 percent decrease in…

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Insurance news for auto and homeowners shows roommates impact coverage

Insurance news for roommate insurance

The I.I.I. has released data showing the repercussions of cohabitation. The Insurance Information Institute has released its most recent insurance news, which involves the impact of the growing number of people in the United States who are living together as roommates or unmarried partners. One in eight American households include two or more non-related people. According to the U.S. Census Bureau, the current statistics show that over the decade from the year 2000 to 2010, there has been an increase of 5 percent in this living situation. This suggests that…

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