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Real-World Examples and Statistics
According to the Insurance Information Institute, only 37% of renters have renters insurance, despite its affordability and the protection it offers3. This statistic highlights a significant gap in coverage among renters, underscoring the importance of educating oneself about the benefits and availability of renters insurance. Moreover, the National Association of Insurance Commissioners reports that the average renters insurance policy costs around $180 per year, making it an economical choice for most renters4.