Having a pet can add so much joy to your life, but the cost of owning a pet can add up quickly. One of the costs that you need to consider is renting pet liability insurance.
Without this critical coverage, you could be paying the bill for damage caused by your furry companion. Today I’m going to dive into the details of pet liability insurance and why you should think about it.
What is Pet Liability Insurance for Renters?
When renting a place to call home, it is important to get the right insurance. If you have a pet, a good option is to get pet liability insurance through your renter’s insurance policy.
Pet Liability Insurance covers the cost of damage or injury caused to your pet. However, it does not cover your pet’s healthcare costs. If you are looking for insurance that will help cover medical expenses for your pet, this is something you should consider Pet insurance from a company like Embrace. (More on pet insurance below!)
Do you think your pet will do no harm? Think again
While you may think that your dog or cat could never cause serious harm to anyone or cause extensive property damage, you can never be sure.
The biggest concern goes with the potential for the dog bites. There are 4.7 million cases of dog bites in the United States each year. Of these bites, around 800,000 are severe enough to require medical attention. Many serious dog bite injuries affect young children. In 2019, the average cost of a dog bite claim was $ 44,760.
However, the question of pet liability does not end with dogs. There are around 400,000 reported cases of in the United States Cat bites. Of these incidents, approximately 66,000 are serious enough to warrant an emergency hospital visit.
With any pet incident, medical costs can add up quickly. If someone is injured by your pet, you may have to pay the costs.
What does tenant pet liability insurance cover?
With pet liability insurance, you are insured if your dog causes injury or property damage. Instead of paying the bill themselves, the injured party would file a claim with your insurance company. The hope is that your insurance will cover the entire bill. However, depending on the amount of damage caused, you may still be financially responsible for part of the incident.
For example, let’s say you buy pet insurance to supplement your renter’s insurance to cover up to $ 100,000 in damage caused by your pet. If your pet does more than $ 100,000 in damage, you are responsible for the difference.
What does tenant pet liability insurance not cover?
In most cases, there is a limit to the amount of coverage that you can purchase. So you can be covered up to a certain dollar amount. But any damage beyond that is your financial responsibility.
Also, when looking for guidelines, be sure to check that these cover your dog’s breed. Many insurance companies exclude certain breeds of dogs from coverage options. Some breeds that are often excluded are pit bulls, rottweilers, and huskies.
Which companies and policies offer tenant pet insurance?
As a tenant, you can take out pet liability insurance through the insurance policies of many tenants. But you also have the option of taking out special pet liability insurance. Here are a few options to consider:
Lemonade is a socially responsible insurance company This offers a wide range of insurance policies for renters. As a non-profit organization and certified B-Corp, you can feel at home in this company.
With regard to pet liability insurance, lemonade has coverage options to keep you safe. Policy details and offerings vary by state and other unique factors. Take a minute to check out this option today.
District farm is a well-known insurance company that offers tenant insurance with pet liability insurance.
If your pet injures someone on your property, you have insurance coverage. The company also offers pet insurance, which can help cover medical expenses for pets. Plus, District farm also offers many other great insurance products that you can bundle with your renter’s policy for a discount.
pumpkin is another pet care company that has great insurance options. With this company, you have access to pet health insurance that covers your pet’s medical needs. However, you will need to get pet insurance elsewhere.
If you’re tired of worrying about an expensive vet bill on the horizon, then pumpkin is a good choice. A number of policy options can help you find a plan that suits your budget and your pet’s needs. In addition to emergency medical care, they offer an optional care plan that fully reimburses the routine care all cats and dogs need to stay healthy, such as: B. an annual wellness check-up, vaccines and selected laboratory tests to detect diseases.
With Pumpkin, enjoy affordable retirement planning with the Preventive Essentials plan, high reimbursement insurance, and digital reminders that keep track of your pet’s health. You can learn more about pumpkin today!
Who Should Get Pet Liability Insurance for Renters?
If you own a pet and live in a rental property, you should seriously consider getting pet liability insurance. While you might think your favorite pup could never harm a fly, it can happen to anyone. The wrong signal could send your dog on a devastating tear. Pet insurance can give you a certain level of security.
Who Shouldn’t Get Pet Liability Insurance for Renters?
If you don’t have a pet, you don’t need this type of cover. If you own your own home, you don’t need tenant pet insurance. However, you should still consider getting pet liability insurance through your homeowner’s policy.
Personally, I made up my mind to purchase an advanced pet liability insurance add-on to insure my homeowners. With the additional cost of around $ 45 per year, we’re covered in case our puppy injures anyone. We hope, of course, that this never happens. But it is better to be on the safe side.
Other pet insurance options
Pet Liability Insurance will protect your wallet if your pet causes damage. But what if your pet gets injured? Puppies have been known to get caught in jams, which lead to expensive veterinary visits. Indeed that The average cost of an emergency vet visit is between $ 800 and $ 1,500.
For most, this can lead to a stressful financial situation. That’s where Pet insurance can be useful.
Pet insurance is health insurance for your furry friend. Some guidelines can help cover accidents that occur. Others will help you cover accidents and spa visits. If you are interested in this type of insurance, take a closer look at my favorites here.
Embrace is a pet insurance company that offers premium insurance policies to keep your pet healthy. While the company doesn’t offer pet liability insurance, it can still help you save on pet costs. After all, pet injuries leading to vet bills are very common.
If your pet needs immediate medical attention, the last thing you need to think about is paying the bill. Instead, you want to be there to help your pet get through a difficult time. Embrace can step in. They pay monthly premiums that are pretty affordable, and they take care of the bulk of your veterinarian bills.
With Embrace, you get quick refunds, lower deductibles and great customer support. If you don’t want to worry about surprising vet bills, Embrace is a great option.
Pet liability insurance can protect your finances if your pet makes a mistake. Unfortunately, these cases are quite common. Fortunately, there are many ways for renters to take control by purchasing pet liability insurance. You will regain your peace of mind while being a responsible pet parent!
Pumpkin Advertiser Disclosures: Pumpkin pet insurance does not cover any pre-existing conditions. Waiting times, annual deductibles, co-insurance, benefit limits and exclusions can apply. See pumpkin.care/insurancepolicy for full terms. Products, discounts and prices can vary and are subject to change. Pumpkin Insurance Services Inc. (Pumpkin) is a licensed insurance agency, not an insurer. The insurance is taken out by United States Fire Insurance Company, a Crum & Forster Company, and manufactured by Pumpkin. Pumpkin Preventive Essentials is not an insurance policy. It is offered as an optional additional service without insurance. Pumpkin is responsible for the product and management. Pumpkin Preventive Essentials is not available in all states. See pumpkin.care/customeragreement for full terms. Pumpkin Insurance Services, Inc. is responsible for this advertisement.