How Pets Affect Your Renters Insurance

Pets are beloved members of many households, yet their presence can influence your renters insurance in several ways. Understanding these impacts can help you check you have adequate coverage.

Liability Exposure

Owning a pet increases your liability exposure. For example, if your dog bites someone or causes injury, you could be held financially responsible for the injured person’s medical expenses. Renters insurance generally includes liability coverage, which can assist with legal fees and medical costs. However, some policies may exclude certain breeds or types of pets, making it essential to review your policy thoroughly. Additionally, always disclose your pet to your insurance company to avoid potential claim denials.

Property Damage

Pets can sometimes cause property damage, which your renters insurance may or may not cover. If your cat bumps into a stove and causes a fire, this might be covered under your policy because fire is usually considered a covered peril. Additionally, if your pet causes damage to a neighbor’s property, this may be covered under the liability portion of your policy. However, if your pet chews or scratches your couch, such damage typically isn’t covered. Always review your policy details to understand what is and isn’t covered.

Pet Liability Insurance

Standard renters insurance may not provide sufficient coverage for all pet-related incidents. A pet liability policy can offer additional protection, including coverage for aggressive dog breeds, service animals, or incidents that occur away from home. This type of policy can be particularly valuable if your pet poses a higher risk or if you want extended coverage beyond what your renters insurance can offer.

Renters Insurance in Carmel, CA

Pets can increase your liability exposure and cause property damage, making robust insurance coverage essential to help you avoid out-of-pocket costs. Contact the team at Monroe-Kelly Insurance Services Inc today to review your coverage.

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.