Millennials are suited for technical jobs, but they can’t sell their way out of a paper bag. They should take Marketing courses in college as a requirement.
Is that the best you got Planet? Try explaining any insurance subject to a Millennial and you will get a blank stare and a quick check of their cell for Facebook and Texts.
Millennials are already in insurance. They are born between 1981 and 1996. They have experience already and are better adapting in this changing world. Do not insult a whole generation due to your difference in opinions. I know a millennial that is the best personal insurance salesman I have met.
As a generation, they mostly feel that insurance is not necessary except where mandated like Auto Insurance. 70% of all Millennials who rent do not have Renters Insurance. What does that tell you about their common sense?
August 22, 2018 at 12:09 pm
Rosenblatt says:
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What was the percentage of Gen-X’ers and Baby Boomers who, when they were renting, did not have renters insurance? And don’t give me a number that can’t be verified or your gut opinion on what the rate was, as that’s not helpful at all.
We need to know what other generations did who were in the same positions as Millennials – only then we can then infer something relevant from your statistic.
Rosenblatt, instead of arguing, how about you doing your own research if you want to know what percent of prior generations did not carry Renters Insurance. Mine was from the respected Property Casualty 360 publication. We are not talking about other generations, just Millennials. By the way, several were interviewed on the streets in NY and agreed with their dysfunctional Governor that America was never that great.
August 22, 2018 at 1:18 pm
Rosenblatt says:
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Dude – I’m not arguing with you or your number. I simply asked you to provide some context relative to how other generations faced a similar situation. You don’t have to make everything into a battle, you know?
August 22, 2018 at 2:42 pm
helpingout says:
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I also looked it up and do you have anything besides a survey to verify you numbers? I do not believe you do, surveys are not statically significant because of the way they are conducted (it lacks the random aspect and also misses out on groups of people). I will agree that I believe it is common for a majority of people who rent (millennials and other generations) to not buy renters insurance because they do not need it, but I at least of the decency to say that is my opinion from my experience as a millennial broker who works with people in all 50 states.
August 22, 2018 at 4:32 pm
Captain Planet says:
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Agent,
You argue against people needing health insurance. You’d rather have renters be required to have renter’s insurance than anyone living required to have health insurance. What does that tell us about your common sense? Oh and, hypocrisy much?
Progressive Rosenblatt Dude, I couldn’t care less about what you say on this forum. You object to every post I make, want me to give you all my sources, when I do you don’t believe me. Naysayer supreme. Why not go somewhere else and agree with your buddy Planet.
August 23, 2018 at 11:59 am
Captain Planet says:
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APRIL 5, 2018 AT 11:36 AM
Agent says:
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Boring, we have already wised up. Time for you to do so.
Reply
August 24, 2018 at 8:05 am
Rosenblatt says:
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“You object to every post I make” … and yet the last thing I said to you was that I agree the majority of Millennials don’t have renters insurance and they should have said coverage.
For the third time in this article alone — you don’t have to make everything into a battle, you know?
August 22, 2018 at 12:22 pm
Captain Planet says:
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I have no problems explaining insurance concepts to any potential buyer. Maybe you should look in the mirror and figure out what the heck is the matter with your approach.
Helping, glad you aren’t my agent. Don’t need Renters Insurance for Renters? How many apartment fires or storms do you need where people lose all their belongings? We see it all the time and the news says a fund has been set up at the bank to help the poor people replace belongings. A simple little $150-200 policy would have done the trick and made them whole again. They are too stupid to get it. 70% of Millennials do not buy a Renters Policy. They think they are invulnerable to loss.
August 22, 2018 at 5:01 pm
Rosenblatt says:
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Dude – helping wasn’t not arguing with you or your number. He provided one reason he thinks renters don’t buy insurance – because they think they don’t need it. He actually agreed with everything you originally said! You don’t have to make everything into a battle, you know?
August 22, 2018 at 5:02 pm
Rosenblatt says:
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Double-negative edit: *helping was not arguing with you….
August 23, 2018 at 9:01 am
Captain Planet says:
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Hey Agent,
Don’t worry about that illness or injury that carries the highest probability of bankrupting you, but that POS Ikea furniture – better insure that, right?
August 23, 2018 at 4:44 pm
helpingout says:
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Thank you for making what I believed to be an obvious point. It would be unwise to not argue a renter needs insurance, that is just not true. Even if people do not care about their stuff, my biggest issue with not having renters is the personal liability they are not carrying on themselves.
August 24, 2018 at 10:35 am
Rosenblatt says:
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You’re welcome – it wasn’t that hard of a concept nor was your writing too convoluted to grasp :)
August 27, 2018 at 12:18 pm
Agent says:
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Progressive Dude, it would be interesting to see a Millennial Agent trying to sell a 70%er on the need for Renters Insurance.
August 21, 2018 at 4:28 pm
Cicero says:
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This Millennial (really, just call us “adults under 40” now) has no problem selling insurance to my generational cohort. Just gotta go at the client’s/prospect’s pace (e.g. if they want a consultative relationship, word; if they wanna pay everything online themselves and never talk to me unless they have a questions, even better.), and identify needs that they may not quite realize (i.e. Life Insurance, DI, etc.)
I will say that we have little to no brand loyalty however, and insurance advertising doesn’t help.
Hey Helping, Personal Liability claims are almost non-existent with Renters customers. The vast majority of claims are property claims. If 70% of Millenials choose not to have coverage, they do so at their own risk and they are stupid not to carry coverage since it is inexpensive.
We know — we already agreed with you on that point.
August 27, 2018 at 5:25 pm
helpingout says:
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Agent,
I do not know what you are attempting to discredit me on. While yes of course most claims are property claims on renters insurance (is that not obvious), but personal liability if anything were to happen and you were to be sued is a big thing for me since I have witnessed this two times for renters. Also my only point I did not agree with you with Agent is that I believe you are inflating your numbers, but in general I agree that most millennials (and all those who rent) do not carry renters insurance. Please stop attempting to discredit me where we are agreeing for the most part even though I am a millennial agent, we are actually agreeing on the subject because as an agent renters insurance should be a requirement for all those who rent.
August 28, 2018 at 3:47 pm
Agent says:
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So now I am inflating my numbers according to you. I don’t inflate my numbers. Property Casualty 360 does not inflate their numbers based on their research. Why is it so hard for you to believe that 70% of Millennials don’t buy Renters Insurance? By the way, I have been at this business over 30 years and have yet to see a Liability claim paid on a Renters policy. I only remember one Medical Payments claim on a slip and fall in an apartment. Luckily, the insured had bought a Renters policy, so that claim was paid.
Agent – I googled “Property Casualty 360 AND renters insurance” and found only one study that specifically mentioned millennials.
That study found “56% of millennials do not have renters’ insurance.”
So we’ve got three options here:
(1) You are referencing a different study than what I found. Totally plausible. If this is true, please provide a link to the study you’re citing. If not,
(2) You intentionally inflated your numbers. If not,
Rosenblatt, your Googling skills are called into question if you only found one story on this. I found 4 and one even led to the IJ article on this same subject. They all reached the same conclusion that up to 70% of Millennials who rent do not buy Renters Insurance. Now, you and your buddies disputing this can down vote me all you want. I couldn’t care less.
So, again … (1) You are referencing a different study than what I found. Totally plausible. ****If this is true, please provide a link to the study you’re citing.****
Sorry dude, there were 4 of them, not one. Learn how to Google properly and then you won’t have to ask questions. Seems like every article you argue about is asking us to provide our sources. Keep your eyes and ears open and learn how to use the internet.
I don’t have to prove anything to you Rosenblatt. Took me about 30 seconds to Google it up and see four stories. Hey, I can’t help it if you can’t operate a computer and search on Google. I also don’t care if you admit I am right and you were wrong.
September 10, 2018 at 12:11 pm
happy the man says:
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Long time lurker, this might be my second post. Lots of interesting debate on this site.
Not sure why it was so hard for Agent to just copy and paste a link. Here’s what I found, Rosenblatt. It may or may not be what Agent is referring to. We may never know.
“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.”
Hidden due to low comment rating. Click here to see.
• APRIL 5, 2018 AT 3:00 PM
Agent says:
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Shows you don’t have a clue what is going on.
Reply
Hidden due to low comment rating. Click here to see.
Millennials are already in insurance. They are born between 1981 and 1996. They have experience already and are better adapting in this changing world. Do not insult a whole generation due to your difference in opinions. I know a millennial that is the best personal insurance salesman I have met.
Hidden due to low comment rating. Click here to see.
What was the percentage of Gen-X’ers and Baby Boomers who, when they were renting, did not have renters insurance? And don’t give me a number that can’t be verified or your gut opinion on what the rate was, as that’s not helpful at all.
We need to know what other generations did who were in the same positions as Millennials – only then we can then infer something relevant from your statistic.
Hidden due to low comment rating. Click here to see.
Dude – I’m not arguing with you or your number. I simply asked you to provide some context relative to how other generations faced a similar situation. You don’t have to make everything into a battle, you know?
I also looked it up and do you have anything besides a survey to verify you numbers? I do not believe you do, surveys are not statically significant because of the way they are conducted (it lacks the random aspect and also misses out on groups of people). I will agree that I believe it is common for a majority of people who rent (millennials and other generations) to not buy renters insurance because they do not need it, but I at least of the decency to say that is my opinion from my experience as a millennial broker who works with people in all 50 states.
Agent,
You argue against people needing health insurance. You’d rather have renters be required to have renter’s insurance than anyone living required to have health insurance. What does that tell us about your common sense? Oh and, hypocrisy much?
Hidden due to low comment rating. Click here to see.
APRIL 5, 2018 AT 11:36 AM
Agent says:
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Boring, we have already wised up. Time for you to do so.
Reply
“You object to every post I make” … and yet the last thing I said to you was that I agree the majority of Millennials don’t have renters insurance and they should have said coverage.
For the third time in this article alone — you don’t have to make everything into a battle, you know?
I have no problems explaining insurance concepts to any potential buyer. Maybe you should look in the mirror and figure out what the heck is the matter with your approach.
Hidden due to low comment rating. Click here to see.
Dude – helping wasn’t not arguing with you or your number. He provided one reason he thinks renters don’t buy insurance – because they think they don’t need it. He actually agreed with everything you originally said! You don’t have to make everything into a battle, you know?
Double-negative edit: *helping was not arguing with you….
Hey Agent,
Don’t worry about that illness or injury that carries the highest probability of bankrupting you, but that POS Ikea furniture – better insure that, right?
Thank you for making what I believed to be an obvious point. It would be unwise to not argue a renter needs insurance, that is just not true. Even if people do not care about their stuff, my biggest issue with not having renters is the personal liability they are not carrying on themselves.
You’re welcome – it wasn’t that hard of a concept nor was your writing too convoluted to grasp :)
Progressive Dude, it would be interesting to see a Millennial Agent trying to sell a 70%er on the need for Renters Insurance.
This Millennial (really, just call us “adults under 40” now) has no problem selling insurance to my generational cohort. Just gotta go at the client’s/prospect’s pace (e.g. if they want a consultative relationship, word; if they wanna pay everything online themselves and never talk to me unless they have a questions, even better.), and identify needs that they may not quite realize (i.e. Life Insurance, DI, etc.)
I will say that we have little to no brand loyalty however, and insurance advertising doesn’t help.
Hey Helping, Personal Liability claims are almost non-existent with Renters customers. The vast majority of claims are property claims. If 70% of Millenials choose not to have coverage, they do so at their own risk and they are stupid not to carry coverage since it is inexpensive.
He knows – he already agreed with you on that point.
This non-Millennial thinks there are 30% of Millennials who rent have enough sense to buy Renters Insurance and 70% are too stupid to buy it.
We know — we already agreed with you on that point.
Agent,
I do not know what you are attempting to discredit me on. While yes of course most claims are property claims on renters insurance (is that not obvious), but personal liability if anything were to happen and you were to be sued is a big thing for me since I have witnessed this two times for renters. Also my only point I did not agree with you with Agent is that I believe you are inflating your numbers, but in general I agree that most millennials (and all those who rent) do not carry renters insurance. Please stop attempting to discredit me where we are agreeing for the most part even though I am a millennial agent, we are actually agreeing on the subject because as an agent renters insurance should be a requirement for all those who rent.
So now I am inflating my numbers according to you. I don’t inflate my numbers. Property Casualty 360 does not inflate their numbers based on their research. Why is it so hard for you to believe that 70% of Millennials don’t buy Renters Insurance? By the way, I have been at this business over 30 years and have yet to see a Liability claim paid on a Renters policy. I only remember one Medical Payments claim on a slip and fall in an apartment. Luckily, the insured had bought a Renters policy, so that claim was paid.
Helping out helpingout….
Agent – I googled “Property Casualty 360 AND renters insurance” and found only one study that specifically mentioned millennials.
That study found “56% of millennials do not have renters’ insurance.”
So we’ve got three options here:
(1) You are referencing a different study than what I found. Totally plausible. If this is true, please provide a link to the study you’re citing. If not,
(2) You intentionally inflated your numbers. If not,
(3) You mis-remembered what you read.
There is no fourth option. Which one did you do?
http s://www.propertycasualty360.com/2014/04/14/most-young-renters-uninsured-nationwide-survey/?slreturn=20180728160430
Rosenblatt, your Googling skills are called into question if you only found one story on this. I found 4 and one even led to the IJ article on this same subject. They all reached the same conclusion that up to 70% of Millennials who rent do not buy Renters Insurance. Now, you and your buddies disputing this can down vote me all you want. I couldn’t care less.
So, again … (1) You are referencing a different study than what I found. Totally plausible. ****If this is true, please provide a link to the study you’re citing.****
Sorry dude, there were 4 of them, not one. Learn how to Google properly and then you won’t have to ask questions. Seems like every article you argue about is asking us to provide our sources. Keep your eyes and ears open and learn how to use the internet.
Google Fail, big time.
Prove it. Provide your link showing I’m wrong and I’ll be glad to admit you’re right and I was wrong.
I don’t have to prove anything to you Rosenblatt. Took me about 30 seconds to Google it up and see four stories. Hey, I can’t help it if you can’t operate a computer and search on Google. I also don’t care if you admit I am right and you were wrong.
Long time lurker, this might be my second post. Lots of interesting debate on this site.
Not sure why it was so hard for Agent to just copy and paste a link. Here’s what I found, Rosenblatt. It may or may not be what Agent is referring to. We may never know.
“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.”
https://www.propertycasualty360.com/2016/06/01/4-tips-to-sell-renters-insurance-to-millennials/