Will my renters insurance policy cover damage caused by a pet?
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Asked March 10, 2014
Before you buy a renters policy, check to see if the company you are dealing with includes pet damage as part of the normal coverage. If it does, you still need to know the specifics. If it does not, ask about adding a pet damage waiver to the policy. In some cases, it may be cheaper to buy a separate pet insurance policy that goes beyond what is offered through your renters insurance. Some landlords require a pet deposit if you own pets, but that deposit may not be enough to pay for the damages when you move out, making renters insurance an important purchase.
If your renters insurance covers pets, find out what the limits are, and how the coverage works. Most renters policies will not pay for veterinary care, for instance and those that do may have relatively low limits for the care. And when it comes to liability, a typical renter's insurance policy may not have high enough limits even without pets. Injuries caused by dog bites or cat scratches can quickly add up to large bills and if your coverage limits are too low you will find yourself owing large sums out of pocket to cover the excess. For pet owners, having high liability limits is worth the small additional cost.
If your renter's insurance company does not include pets in the policy, you can shop for a different insurer. Start with an insurance brokerage like this website where you can not only get a free online renters insurance quote, you can even get that quote compared to other leading providers. Since a brokerage works for you instead of being paid by an insurance company, they will take extra steps to help you find the right coverage to match your individual needs; including finding a renter's policy that covers pet damages.
Answered March 10, 2014 by Anonymous