There are many reasons that 63% of Americas don’t have renters insurance. Recently, a survey was done to find out why renters don’t have insurance¹. Let’s take a look at the reasons they gave. You’ll be shocked at some of the reasons.
This research uncovers a worrying insurance gap, amongst a growing proportion of the population. Prized possessions and home contents are worth protecting… Out research suggests that millions of people are taking a risk without any coverage in place…
-Anthony Lewis, The Co-Operative
#10 Didn’t Renew Last Time The Policy Expired
1% of respondents said they simply couldn’t be bothered to renew the policy the last time it expired. Here’s what happens when your renters insurance policy expires: You get a renewal offer about two months in advance. Then you generally get a reminder a few weeks in advance.