New Study Shows More Renters Than Ever Have Renters Insurance

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New data from EffectiveCoverage.com shows that the chance of a renter experiencing a catastrophe and not having the protection needed from renters insurance has fallen to an all time low.

Renters Insurance

44% Of Renters Are Insured

While there is cause to celebrate, the study also shows that 56 percent of American renters are still without coverage of any kind.

According to a new study completed by ORC International for Effective Coverage in March 2015, 44 percent of Americans now have renters insurance. That is an increase of seven percentage points since the most recent Insurance Information Institute study.

While there is cause to celebrate, the study also shows that 56 percent of American renters are still without coverage of any kind. More needs to be done to encourage coverage before it is too late.

The team at Effective Coverage has the winning formula to make a difference. It is a mix of educating renters, improving the customer experience, and operating with the highest level of integrity. After the successful launch of the Renters Insurance Challenge in early 2015, the possibility of the majority of Americans having renters insurance is a possibility.

Renters Insurance By Region:
West : 47 percent
Mid-West: 46 percent
South: 43 percent
Northeast: 41 percent

Effective Coverage continues working tirelessly to educate and assist renters in getting the protection they need. The goal of Effective Coverage is to drive the percentage of insured American renters to over 50%. Renters can join by calling 800-892-4308 or visiting http://www.EffectiveCoverage.com.

About Effective Coverage: Effective Coverage (http://www.EffectiveCoverage.com) is a national insurance provider delivering affordable insurance solutions to renters. Effective Coverage helps renters easily find the best rates and then purchase a policy within minutes. The Effective Coverage platform is supported by top insurance carriers including Travelers, Progressive, Stillwater, American Strategic, as well as many others. A graduate of the NYU Varick Street Incubator, Effective Coverage’s investors include senior insurance executives from the nation’s top firms.

Methodology: This ORC International study presents the findings of a survey conducted among a sample of 2,024 adults comprising 1,008 men and 1,016 women 18 years of age and older. The online omnibus study is conducted twice a week among a demographically representative U.S. sample of 1,000 adults 18 years of age and older. This survey was live on March 2-4 & 9-11, 2015.

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Eric Narcisco
Effective Coverage
+1 (800) 892-4308 Ext: 7
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Challenge Department
@ECinsure
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