PEMCO Insurance issued a news release today concerning how many Washington residents carry renters insurance, and how many people inventory their personal property. Census data shows 35% of Washingtonians rent, and of those, a recent PEMCO Insurance Northwest Poll revealed 58% do not have renters insurance. This is important because renters insurance is so affordable – typically costing $125 to $150 per year – that more people should buy it. The poll also revealed that one in three homeowners and renters have never inventoried their personal property.
U.S. Department of Justice's Bureau of Justice Statistics says rented households were burglarized at rates 79 percent higher than owned households.
Rented households experienced 210 property crimes per 1,000 households nationwide, while owned households experienced only 146 property crimes per 1,000 households in 2001, the bureau reported.
Thank you to PEMCO Insurance Company and RealtyTimes.com
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