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.



Sarah Parker, Director, CFSI

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.

 

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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.