Renter’s Insurance and Millennials

Millennials, the young adults who were born in the 1980s or 1990s, are having a huge impact on various cultural trends, including renter’s insurance. Millennials are much more tech-savvy than generations before them, which is starting to reshape the way that people are looking to protect their valuables when renting a home.

There are many emerging trends that are becoming much more apparent with Millennial renters, including:

• More Millennials are starting to invest in a renter’s insurance policy for their apartments that are able to be live the very next day.
• Millennials are starting to embrace the sign up process for renter’s insurance because it allows them to get a customized policy on their smartphone or online in just a rather of minutes.
• Most Millennials do not want to go through the long, time consuming traditional process of finding the right renter’s insurance policy, nor do they want to spend too much time answering questions.
• Most Millennials believe that their most valuable possessions are kept in their kitchen.
• Almost 70 percent of Millennials say that they would rather search for a new house or apartment on their laptop, mobile device, or computer.
• Millennials are more likely to use a smartphone app while researching and applying for a renter’s insurance policy, and are less likely to rely on recommendations from friends and family.

When looking for the right renter’s insurance policy, it is important to take a look at your possessions. The more valuable items you own, the more renter’s insurance you will need to ensure that you will be fully protected.

For all of your renter’s insurance needs, contact the insurance professionals at Agape Brokers Insurance Agency in Hemet, California. We will work with you to ensure that you have the right amount of protection, all at the right price.

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