Most people who rent homes know they’ll be responsible for replacing damaged items; the landlord’s homeowners insurance doesn’t cover your personal belongings. There are a few things you need to know about renters insurance and pet damage, though.
Standard Renters Coverage
Standard renters insurance includes a list of covered perils. For example, policies will usually provide coverage if the damage is due to:
- Fires
- Theft
- Vandalism
- Certain natural disasters
Some policies specifically exclude pet damage, while others may count it as vandalism. An agent at Cary-Wheeler & Associates Inc. can help you learn more.
When Is Pet Damage Usually Included?
Pet damage may fall under the “vandalism” category if the pet isn’t yours. An easy way to tell is to consider whether you could press charges for the damage. If you could sue your roommate for the damage to your belongings, you may be able to file a claim.
Remember that most companies require policyholders to file a police report when they file a claim. This is to enable the renters insurance company to pursue the responsible party to recoup its losses. Always consider whether you’re willing to take legal action, and whether you’re required to, before taking action.
Specific Exclusions
Today, more companies are specifically excluding pet damage because it’s increasingly common. Your roommate may bring a dog into the house, and that dog may chew up expensive shoes or furniture. Insurers may also require policyholders to disclose any pets, which could increase your monthly premium.
Unfortunately, the way this scenario plays out varies by company. An experienced agent at Cary-Wheeler & Associates Inc. can help you learn more about your coverage. We’re currently serving the Richmond, VA, area.