Southern Insurance Associates
by AJaye Brown on Jul 20, 2014
The number of renters has grown dramatically in some of the most populous U.S. cities, according to the Insurance Information Institute (III), but few have insurance.
Only 37% of renters are covered, whereas 95% of homeowners have a policy, the III says. And according to research from Protect Your Bubble, a nationwide provider of renters' insurance policies, the average renter owns more than $12,000 in valuables.
Most possessions reside in the kitchen, which houses Keurig brewing systems ($150), a refrigerator ($900), convection range ($2,900) and Vitamix blender ($450).
Protect Your Bubble created an infographic that gives a room-by-room breakdown of what renters should insure. Click the infographic to expand.
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