Report: Most renters aren't insured

Search news

Report: Most renters aren't insured

July 28, 2010 - A new report showed that many people who are moving into a new apartment aren't protecting their belongings with insurance.

About 67 percent of the 1,400 tenants that were surveyed by Apartments.com said that they did not have renters insurance. Almost a quarter of those respondents said that the cost of the coverage was too much for them to afford, while the next largest portion of respondents said that they didn't even know such insurance existed.

Others assumed that none of their possessions were worth protecting and reasoned that nothing was likely to happen to them anyway, which could be a costly assumption. According to the Bureau of Justice, renters are 50 percent more likely to experience theft than homeowners, said Apartments.com.

Of the respondents who did buy the insurance, most said that they pay as little as $12.50 per month for the insurance (coverage), most hoping to protect themselves against loss from theft or fire.

Insuring one's belongings is an important step when living at a new home and during the moving process. Moving insurance covers belongings while they are being transported to the new home.

Recent Articles

Actor Hayden Christensen selling Studio City pad

Star Wars fans may be surprised to hear Anakin Skywalker, also known as actor Hayden Christensen, may be calling for a moving company and selling his house in Studio City.

Friday, October 05 2012 15:15

Former pro baseball player Reggie Sanders selling SC beach house

Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25

Hollywood couple John Krasinski and Emily Blunt buy in LA

Celebrity news sites report actor John Krasinski and actress Emily Blunt may be comparing prices of moving companies around Los Angeles, as they have purchased a home in the affluent city of Ojai.

Wednesday, October 03 2012 13:25

Tips for prepping to move cross-country

When relocating across the country, those moving may need to take some extra steps for a more successful relocation.

Wednesday, October 03 2012 13:24

Singer Sheryl Crow moving out of Hollywood Hills home

The Grammy-winning singer Sheryl Crow has been buying and selling homes throughout the country, as she currently owns a waterfront home in Florida and recently purchased a large ranch-style home in Nashville, Tennessee, just last year.

Wednesday, October 03 2012 13:22

Related Categories

Apartments News

New York apartment rented by Will Smith now listed for sale
Fans of actor Will Smith may be tempted to purchase the apartment he stayed in while filming the newest Men in Black movie.

Friday, April 27 2012 16:54

Hank Azaria needs a moving company in Soho
Funny man Hank Azaria, who provides many of the character voices for long-running animated comedy "The Simpsons" needs a moving company in New York City.

Monday, August 01 2011 16:47

Tom Brady sells New York City condo
After it sat on the market for four years, superstar quarterback Tom Brady was finally able to shed his New York City condominium and get on with moving to his new home in Los Angeles.

Thursday, March 24 2011 08:31

Some celebrities renting instead of buying
With all the difficulties many homesellers are having selling their properties and getting their moving plans going, is it any surprise some of the world's rich and famous are choosing to rent their next home instead of buying it?

Friday, March 18 2011 09:40

Finding next year's off-campus apartment
With the second semester at many universities in full swing, a number of undergraduate students may already be considering their future relocation out of a dormitory and into their own off-campus apartment.

Monday, March 07 2011 10:13

Renters Insurance News

Renters insurance protection
Many renters, whether in apartments or homes, may not realize the value of renters insurance. If something terrible were to happen, such as a break-in or water damage, it could keep a person from possibly losing everything.

Wednesday, November 03 2010 02:13

Renters insurance provides invaluable coverage
When moving into a new apartment, many tenants tend to overlook a valuable resource available to them - renters insurance.

Wednesday, July 07 2010 21:09

Homeowners and renters insurance tips for newlyweds
Individuals who are planning to get married and start a family have many things to consider when choosing a starter home - including their homeowners or renters insurance.

Wednesday, February 24 2010 22:33

1 Week Before Your Move

Apartment Decorating Tips: Cheap Ways to Spruce Up Your Pad

10 Questions to Ask Before Hiring a Cleaning Service

Auto Insurance: What You Need to Know

After the Offer: What You Should Ask Yourself

Relocation.com
In the Press

A Moving Company's Moving Story
June, 2012

Relocation.com's survey was recently featured on the front page of USA Today. The headline entitled "Moving in Hard Times" highlighted our results that moving and relocating behaviors were only moderately influenced by the economy.

Our lifestyle survey found that Americans are seeking smaller homes and a suburban lifestyle. These riveting results were recently featured on USAToday.com in an article entitled "American dream shrinks as smaller homes gain favor."

"This user-friendly site includes a blog and a subscription-only newsletter, too"

"Relocation.com provides you with all the tools you need to get quotes quickly from movers in your area."

The more you know, the better your move will go. Check out helpful articles by our pros.