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Even though they own high-value items, 60% of millennials don't carry renters insurance. Photo: Cutcaster.

The renter’s insurance market is hot right now, and its major market is millennials. There are approximately 80 million millennials between the ages of 18 and 29 in the United States, and more than half of them are renters. They can’t afford to buy houses and they have a ton of student loan debt. If they don’t want to live at home with their parents, renting is the only option for housing that’s open to them.

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