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A growing preference among today's retired baby boomers to rent rather than own their homes is influencing insurance perceptions, according to the J.D. Power 2021 U.S. Home Insurance Study.
Due to this shift over the last 15 years, now one in three renters is age 55 or older, J.D. Power says.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
