Theft is the Top Florida Renter's Insurance Claim
Castle Key Examined Trends from the Past Year
(St. Petersburg) - Castle Key (Formerly Allstate Floridian) found theft as the number one Florida renter's insurance claim from the past year. With the average renter having around $13,000 in valuables, renters made an attractive target to thieves.
According to an analysis of Castle Key claim trends , more than 1 out of every 3 renter's insurance claims involved on-premise thefts of electronics, jewelry and other easily resalable items. The rest of the top 5 renter's insurance claims included:
Water Damage - Damages included burst pipes, rain damage, water heater leaks and overflows of toilets, showers, sinks, washing machines.
Theft from Vehicle - Many renters have the misconception that their auto insurance covers items stolen from their vehicle, but renters actually need renter's policy to cover these items.
Mysterious Disappearance (Off-Premise) - A mysterious disappearance is when a covered possession goes missing while it is off property, and there is no evidence of theft. Renter's insurance protects your valuables in storage facilities, at the office, the local coffee shop, the beach, in your hotel room on a business trip, and anywhere else in the world you take them.
Lightning - Renter's insurance can protect valuable electronics damaged by lightning, which is especially important since Florida is the lightning capitol of the United States.
Renter's insurance is inexpensive and costs an average $22 a month, and also provides coverage for additional living expenses in the event of a hurricane evacuation, fire protection and animal liability.
Castle Key has around 45,000 renter's insurance policies in the state of Florida.
(Castle Key Insurance Company and Castle Key Indemnity Company are subsidiaries of Allstate Insurance Company and are the primary providers of personal lines property insurance in Florida for the Allstate group.)
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