Insuring the Way to a Financially Resilient America: Homeowners and Renters Insurance Spotlight
In this companion brief to our consumer insurance report, CFSI explores homeowners and renters coverage trends among low-to-moderate income (LMI) individuals, as well as opportunities for insurers.
Top Takeaways
CFSI took a deeper look at how Americans shop for and use homeowners and renters insurance, uncovering several key trends.
While homeowners insurance is required and more landlords are requiring renters insurance, consumers still see value in this coverage
The small percentage of policyholders who have filed a claim had a good experience
LMI consumers say price is the biggest reason they haven't purchased renters insurance, despite generally low premium costs
Data Spotlight
Do you currently have the following types of insurance?
Regardless of their coverage status, 79 percent of consumers say it’s important to have homeowners or renters insurance.
Get the Full Picture
Report
The data in this life insurance brief comes from "Insuring the Way to a Financially Resilient America," a larger CFSI report on LMI consumer challenges and opportunities across several types of insurance.
View The Report
Our Supporters
This paper benefits from financial support from the Prudential Foundation. The Opinions expressed in this report are those of CFSI and do not represent those of our sponsors.
