No, tenants’ insurance never covers carpet stains caused during the duration of your rental contract. Your security deposit could be used to cover the costs and, if applicable,. It is best to disclose your pet, even if yours is one of the “riskier breeds”, as your cover could be cancelled and claims voided if your insurer learns of an undisclosed pet. If you are at risk from these perils and cannot obtain earthquake or flood coverage through your renters insurance policy, you will need to take out a separate flood or earthquake insurance policy for your personal property.
There are a number of optional riders, or endorsements, that a renter can add to their policy to strengthen their coverage. The personal property and liability coverage provided by renters insurance will not protect you from all risks. To be covered, they must be listed on the policy, in which case the cost of renters’ insurance may be split. For some dog and exotic pet owners, many insurance companies may not cover certain pets.
Renters’ insurance policies often do not cover the costs of damage associated with your roommate’s belongings. If you do not declare a dog as an excluded breed and your insurance company later finds out, it has the right to deny your claims or discontinue coverage altogether. Attorneys appointed by insurance companies are often experienced litigators and work on behalf of their assigned clients. A claim is a request that policyholders make to their insurance company for compensation for a covered loss.
Your renter’s (or homeowner’s) insurance usually covers you under the liability portion of your coverage if your dog damages another person’s property or injures a third party. Bodily injury caused by a pet, such as a dog bite, may be covered by renters’ liability coverage, but policies may exclude these occurrences in certain circumstances. The risks covered may vary among renters’ insurance policies, but almost all cover the common risks we have listed here.