FILE- In this Nov. 20, 2015, file photo, a rental sign is seen outside a property in Denver. The majority of U.S. renters are now older than 40, a fundamental shift over the past decade that reflects the lasting damage of the housing crash and an aging population, a study said Wednesday, Dec. 9. (AP Photo/David Zalubowski, File)

Why it pays to have renters insurance

A new study shows most millennials don’t have renters insurance, which can cost $12 to $30 a month for $30,000 worth of coverage.