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Here’s a paradox: Millennials are most likely to rent their homes, but are least likely to purchase renters insurance coverage.

According to a new survey from Princeton Survey Research Associates International for InsuranceQuotes.com, 66% of 18- to 29-year-olds rent their homes, compared to 37% of consumers overall. However, nearly 70% of those millennials don’t have Renters’ insurance.

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