If, unfortunately, the police confiscate your pet, you will have to bear the costs, as liability insurance does not cover this either. However, if your dog damages someone else’s property (for example, if it urinates on a friend’s expensive carpet or tears up your sofa), the liability part of your renter’s insurance may step in to cover the damage. If you don’t declare your dog as an excluded breed and your insurance company later finds out, it has the right to deny your claims or suspend coverage altogether. Pet insurance covers your pet’s medical expenses, much like your health insurance covers your medical expenses, and can be purchased separately and will have different levels of coverage and prices.
Renters insurance covers pet liability issues, while pet insurance covers wellness issues such as veterinary visits. Similarly, if your pet is injured inside or outside your flat, renters insurance will not cover the vet bill. As with health insurance coverage for people, there are different levels of pet health insurance coverage. Insurance can help in some cases, but it is important to understand the difference between pet insurance and renters insurance and how each works.
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. While many tenants are familiar with renters’ insurance policies that cover basic risks such as theft or property damage due to natural catastrophes, they may not be as familiar with the liability coverage portion of renters’ insurance, which includes pet liability coverage. In these cases, the affected person would have to file a claim through their insurance company, which in turn will try to settle the claim. Renters who are pet owners may want to consider having a pet health insurance policy and a renters insurance policy with pet liability coverage.
Renters insurance can pay for damage to your rental home and to other people and their possessions if you, your pet, or a family member causes injury or damage.