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What is the percentage of renters who have insurance? I'm curious to know what percentage of renters carry insurance. Is it common for renters to have insurance coverage? I'm considering getting renters insurance and I want to understand how prevalent it is among renters.
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The percentage of renters who carry insurance can vary depending on various factors such as location, age, and income. However, according to a survey conducted by the Insurance Information Institute in 2020, approximately 37% of renters in the United States have renters insurance. It's important to note that this percentage may differ in other countries. Renters insurance provides coverage for personal belongings, liability protection, and additional living expenses in case of a covered loss or event. It is generally recommended for renters to have insurance to protect their belongings and provide liability coverage in case of accidents or damages. If you're considering getting renters insurance, it's a good idea to shop around and compare different policies to find the one that best suits your needs and budget. Additionally, you may want to consider factors such as the coverage limits, deductibles, and any additional endorsements or riders that may be available. It's always a good idea to consult with an insurance professional or agent who can provide personalized advice based on your specific situation and needs.
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