Climate Change Comes for Us All
When we talk about the climate insurance crisis, headlines usually focus on homeowners: spiking premiums in Florida, canceled policies in California, and the struggle to protect a lifelong property investment. But there is a segment of the population that is sometimes overlooked and is just as vulnerable.
Renters make up over a third of U.S. households, yet they are systematically exposed to greater climate risks while simultaneously lacking the financial safety nets to recover.[1] And worse: nearly half of all renters do not carry renters insurance—and those who do are often surprised to find that standard policies leave them entirely exposed to major climate hazards.[2]
Here's what you need to know if you're a renter in an area prone to climate disasters (which, at this point, is pretty much everywhere) and how to make sure you're protected.
Wrapping Up
Even if you don't own a home, protecting your personal property is important. A wildfire or hurricane can render your rental unit unlivable in the blink of an eye. Being suddenly homeless and without all your belongings is a tough pill to swallow. If you can afford it, don't be one of the millions of uninsured or underinsured renters potentially vulnerable.