With more than 43 million renter-occupied units, the number of renters in the U.S. is near an all-time high, according to data from the U.S. Census Bureau. However, according to an Insurance Information Institute poll, only 41% of renters carry renters' insurance, a substantial difference from 95% of homeowners who carry homeowners' insurance policies.

Common myths about renters' insurance

Above are three common renters' insurance myths and truths, Nationwide Mutual Insurance Company has identified that insurance agents can share with potential customers. Renters' insurance may also provide coverage if:

• A renter is forced to temporarily move out of their home due to a covered loss.
• A person is injured in the renter's apartment or home and requires medical attention.
• Items a renter keeps inside their vehicle are damaged or lost.

Top renters' insurance claims in 2017

Based on Nationwide claims data, the following were the most common renters' insurance claims submitted by its members in 2017:

• No. 1: theft.
• No. 2: water damage.
• No. 3: fire and smoke damage.
• No. 4: liability.
• No. 5: wind-related.

Now is a good time for P&C agents to educate renters in their community about the cost-effective option of obtaining insurance to cover their property while leasing their home. Related: New survey shows tenants don't understand liability issues 13 renters' insurance companies ranked highest for customer satisfaction 4 tips to sell renters' insurance to millennials