News & Updates


Insurers to young people: protect your bling

Posted by Julie Patel on September 1, 2009 12:02 PM

Most young Floridians who own valuable items like jewelry and electronics don’t have renters insurance, according to a Castle Key Insurance survey released today.

About 22 percent of young Florida renters have insurance and 97 percent said they own valuable items such as computers, digital cameras and video game players. More than half said their possessions are worth $10,000 or more.

Castle Key spokesperson Nick Halliwell encouraged Florida’s youth to protect their bling: “Just because you rent doesn’t mean you shouldn’t protect what you own.” (Castle Key is the insurer formerly known as Allstate Floridian.)

Castle Key hired Squier Knapp Dunn and Beck Research to survey more than 1,000 people ages 18 to 30 for the study.

Renters insurance may not cut into young renters’ beer budget as much as they’d think: 84 percent of people surveyed thought it would cost much more that the $22 monthly average in Florida, according to Castle Key.