Roughly 2.4 million more Americans over 65 became renters between 2013 and 2023, the largest increase of any age group by far. Their share of all renters rose to 13.4% from 10.4% over the decade, according to a Point2Homes analysis of Census data.
Many did not end up in a rental because they ran out of options. They sold houses on purpose, trading property taxes, repairs and yard work for a lease. What few of them planned for was the coverage they gave up when they canceled the homeowners policy.
Fire. Theft. A burst pipe at 2 a.m. Your landlord’s insurance rebuilds the walls — everything inside is on you...
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