How Does Having a Pet Affect Your Renters Insurance? 

Having a pet can be rewarding, but it also comes with specific factors to consider when it comes to renters insurance. Understanding how pets impact your coverage is crucial for getting adequate financial protection.

Pet Liability Coverage

Most renters insurance policies offer liability coverage that typically includes incidents involving pets. If your pet harms someone or causes property damage, your policy can assist with the related expenses. For instance, if your dog bites a neighbor or your cat scratches a guest, the liability coverage can help cover medical bills and legal costs. However, checking your policy details is crucial, as some insurers may exclude specific breeds or types of pets.

Property Damage

Pets can sometimes cause damage to your rental property. Whether it’s a chewed-up carpet or scratched walls, these damages might be covered under your renters insurance policy’s property damage section. However, coverage can vary significantly between insurers, and some may require additional riders or policies to cover pet-related damages.

Breed Restrictions and Exclusions

Some dog breeds are frequently excluded from coverage because they are considered higher risk. Breeds such as Pit Bulls, Rottweilers and Doberman Pinschers might not be included in standard liability policies. If you own an excluded breed, you might need additional pet liability insurance or a personal umbrella policy.

Additional Costs

Having a pet can sometimes increase your renters insurance premiums. Insurers may charge higher rates to account for the increased risk of pet ownership. It’s wise to shop around and compare policies to find the best coverage at a reasonable price.

Learn More

For renters insurance near you, contact Licona Insurance Group.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.