Renters' insurance only provides coverage for damage to personal property for "covered perils, such as fire or theft". However, if your dog damages someone else's property (for example, if he urinates on a friend's expensive carpet or tears up your sofa), the liability portion of your renters' insurance may step in to cover the damage. In addition, your insurance company may exclude coverage for damage or injury caused by certain breeds of dogs. All decisions regarding any insurance product, including approval of coverage, premium, commissions and fees, will be made solely by the insurer underwriting the insurance based on the criteria in effect at the time.
Renters insurance covers pet liability issues, while pet insurance covers welfare issues such as veterinary visits. Renters insurance liability coverage does not cover injuries your pet causes to you, or damage to your property or your flat. Renters insurance may pay for damage to your rental property and to other people and their possessions if you, your pet, or a family member causes injury or damage. Many renters insurance policies exclude certain breeds of dogs, such as pit bulls or German shepherds, from liability coverage.
Renters insurance covers liability costs, making it a valuable investment for pet owners with furry friends who could injure someone or damage their property. While your landlord is likely to have an insurance policy to cover damage to the structure of the rented home or building, you are responsible for obtaining coverage for your personal belongings. In addition, if you or your pet are responsible for injury or damage, a renters insurance policy could protect you from financial devastation by providing liability coverage. Depending on your insurance provider, coverage for certain breeds of dogs and exotic pets may be excluded.
While your landlord's coverage should cover the actual structure of your rented home, your renters insurance is designed to provide coverage for your belongings and your liability exposure. If you are a renter and have a pet, you may want to consider what your renters insurance covers for your pet and what it does not. Pet renters insurance covers any damage or personal injury your pet may cause to a guest or visitor in your rental property. In most cases, your pet is covered for injury or property damage to others under the liability portion of your renters insurance policy.
However, it is important to inform your insurance company that you have a pet, as not all renters insurance policies extend liability coverage to your pet. If your dog has bitten someone, insurers are likely to consider it a higher risk, regardless of breed.