![]() ![]() Pet insurance actually covers the health of the pet. Pet insurance is a completely separate insurance product from renters insurance that covers dogs, cats, and other types of pets it does not protect a renter or their possessions in any way. Photo: Pet liability insurance does not cover the animal’s health care costs that is covered by pet insurance.ĭistinguishing the difference between pet liability insurance and pet insurance can sometimes be confusing. To protect themselves financially from repeat offenders, renters pet insurance companies often institute sublimits on dogs with a bite history. If a dog has repeatedly bitten other people, then that pet may become very expensive for the insurance company to cover. This can be a common situation if a dog has ever bitten anyone in the past.Ī dog with a documented history of biting is another situation where the pet may become too risky for the insurance company to insure fully. Renters may also find that renters insurance for dogs may only cover a type of incident up to a certain amount of money, which is known as a sublimit. Renters insurance companies may have sublimits for certain pets, such as a dog with a bite history. For instance, if someone decides to keep a python as a pet, an insurance company would be unlikely to cover the animal and any resulting damages, since pythons are not domesticated and can easily turn aggressive. ![]() The same applies for some exotic pets, especially ones that may be more likely to cause damage or harm. Since this is the case for certain breeds such as rottweilers and pit bulls, many insurance companies simply consider them to be too risky to insure and therefore won’t provide coverage for any incidents involving certain dog breeds. Some dog breeds have a history of aggressive behavior and may be harder to control. It’s also important to check with the insurance agent or read the policy closely to see which pets are covered under dog liability insurance for renters. Certain dog breeds and exotic pets are often excluded from renters liability insurance coverage. For instance, if the family dog bites the policyholder’s spouse or child, then that would often fall under standard health insurance rather than liability coverage. If an insured’s pet causes injury to the insured or a member of the insured’s household, coverage would likely fall under a health insurance policy, as pet renters insurance would not provide coverage in that scenario. Renters might want to talk to an insurance agent to see what their options are for damage caused by pets or look up insurance products using search terms like “renters insurance pet damage.” Some policies may require a rider or endorsement to be added for more complete protection against dog bites or property damage caused to other people by the policyholder’s pet. While most base renters insurance policies tend to cover pet liability, it’s important to read the policy to see what is actually covered on an individual basis. Riders and endorsements are added amendments to policies that often expand the coverage of base policies. When considering renters insurance with pet liability, there are other insurance products for renters to look into if there are concerns about a pet causing property damage or personal injury. Some insurance companies may offer riders or endorsements to renters insurance policies to cover dog bites or property damage. If a dog causes major damage to someone, the medical bills can mount up, so an umbrella policy might be a good idea for some renters who are looking for renters insurance for pets. Renters can often get an extra $1 million in liability protection for about $200 to $350 per year, according to the III. ![]() Umbrella or excess liability policies can increase these protection amounts by quite a large sum. ![]() According to the Insurance Information Institute (III), liability limits on renters policies generally start at about $100,000, but the III states that it’s often recommended that renters should purchase at least $300,000 worth of protection. These limits are the amount of money the insurance company will pay if an insured is found to be liable. Renters policies have limits on the total liability coverage. An umbrella policy can provide additional liability coverage for pets beyond the limits in a renters insurance policy. This coverage could apply if a renter’s pet damages a neighbor’s house, yard, or possessions.Īnother example in which coverage might apply to a third party is if an insured’s dog bit a neighbor’s child as the child was reaching to pet the dog or if the dog got out and dug up most of the neighbor’s yard. With a renters insurance policy, pet liability provides coverage if a policyholder’s pet causes injury or property damage to anyone who is not part of the insured’s household. Renters liability insurance is structured so that if a renter’s pet causes injury or damage to someone else or their property, coverage may exist. ![]()
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