The percentage of people who have renter insurance can vary depending on various factors such as location, age group, and income level. While I couldn't find an exact percentage, I can provide some information on the topic.
Renter insurance is a type of insurance that provides coverage for personal belongings and liability protection for individuals who rent their homes. It is designed to protect renters from financial loss in the event of theft, fire, or other covered perils.
According to a survey conducted by the Insurance Information Institute (III) in 2020, only 37% of renters in the United States had renter insurance. This means that a significant portion of renters do not have this type of coverage.
The low percentage of people with renter insurance can be attributed to various reasons. One of the main reasons is the misconception that the landlord's insurance will cover the renter's personal belongings. However, the landlord's insurance typically only covers the structure of the building and not the renter's personal property.
Another reason for the low percentage is the perception that renter insurance is expensive. While the cost of renter insurance can vary depending on factors such as location and coverage limits, it is generally affordable. In fact, the average cost of renter insurance in the United States is around $180 per year, which is less than $15 per month.
It is important to note that renter insurance provides not only coverage for personal belongings but also liability protection. Liability protection can help cover legal expenses and medical bills if someone is injured in your rented property and you are found responsible.
In conclusion, while I couldn't find an exact percentage, it is estimated that around 37% of renters in the United States have renter insurance. However, it is always recommended for renters to consider getting renter insurance to protect their personal belongings and provide liability coverage. It is also important to shop around and compare quotes from different insurance providers to find the best coverage at an affordable price.