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posted on September 10, 2008

With Renters on the Rise, Wisconsin Residents Face Increasing Risk for Property Loss

With foreclosures rising and more homeowners becoming renters, Allstate survey points to need for better home protection, home inventory check lists and education

As the number of Wisconsin residents renting homes increases and with the current housing foreclosure crisis, a new survey released by Allstate finds most renters are inadequately prepared to protect their homes and belongings. The share of rental households jumped by about 1 million in 2007, and this group is likely to expand further if foreclosure trends continue, according to Harvard University's Joint Center for Housing Studies. With no relief in sight for the housing market, it is critical for renters to be prepared to protect their homes and possessions in case of a loss.

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