If you rent a place and have a pet, you will probably want to consider having renters insurance and pet damage insurance.
Renters insurance is for your personal property and general liability.
Pet damage insurance is for liability coverage for accidental injuries and property damage. You want to check your insurance carefully because exclusions can vary by policy and animal.
Get help with renters and pet insurance from your agent at The Merhar Agency LLC in Willoughby, OH. You will want to discuss pet damage risks such as a stained carpet, scratched floors, and pet liability risks such as harm to another person or animal or property damage.
What if I have a pet security deposit? Isn’t that enough?
If you have a pet security deposit that you paid to your landlord when you moved in, that money is used by your landlord to pay for the repairs of any damage caused by your pet when you move out.
But what happens if your pet bites someone or attacks another pet? Those problems are not covered by your pet security deposit. You need special coverage for those risks. It may be in the form of an addition to your renters policy or a separate policy that combines with your renters policy to offer adequate protection.
What about a deductible?
A deductible is the amount you have to pay first out-of-pocket before your insurance kicks in for a covered peril. Talk this over with your agent because the deductible and the policy limits are two key factors you need to consider. Whatever you decide for your deductible, it is a wise strategy to keep this amount available in your emergency funds in case you need to use it.
Reach out to us at The Merhar Agency LLC in Willoughby, OH, for all your renters insurance needs.
