TUESDAY, JUNE 26, 2012
 A renter’s insurance policy is a great way to secure coverage for your personal possessions. With renter’s insurance, after an insurable incident damages the contents of your apartment, you can be reimbursed for either the actual value of the contents that were damaged or you may be given replacement value for them. This is an important coverage to carry because your landlord's insurance policy covers only damage to his property, not yours unless the insurable incident is a result of his negligence.
But renter’s insurance doesn't just cover your assets; it also covers you from liabilities. For example if a visitor were to enter your apartment and trip and fall on your furniture, that would not be the fault of your landlord and would therefore fall under your liability responsibility and your renter’s insurance policy.
If you own a dog, you must notify your renter’s insurance carrier that you have this pet. When you do, they’ll ask what breed of dog it is because some breeds are more expensive to cover than others since they have a higher risk of biting a visitor to the property. In some cases, depending on the breed of dog you own, your renter’s insurance policy may specifically exclude damages caused by your puppy.
Biting people isn't the only damage that dogs can do while they live with you. Some dogs can be destructive to both your property and your landlord's property. This can include many behaviors such as chewing on baseboards, urinating on the floors, and scratching up hardwood with their nails. Your renter’s insurance policy will likely not cover the damages to your apartment that were inflicted by your pet. Instead, your security deposit may be used to make these repairs or you may need to make them yourself.
Whether you are renting an apartment for the first time or you have an apartment already and simply want to add a dog your family, give us a call at Contractors Insurance Services today. We can work with you through all of your Austin insurance options and help you secure a policy that keeps both your physical and financial assets safe.
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