To rent or buy, that is the question: Whether it is prudent to suffer the outrageous fortunes home sellers currently command, or take pen and abide the landlord's sea of terms, conditions and addendums.
The question of what happens to renters policyholders when they transition to homeowners is much simpler to answer. Most (70%) stay with the same insurance company, according to an April 2022 survey conducted by Plymouth Rock Home Assurance.
Further, 32% of respondents indicated they were still with their first home insurance policy, while 36% kept that initial policy for three-seven years.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
