Do I Need Special Insurance To Rent With Pets?

Most people are either a pet person, or not. If you are, than you likely consider you pet a part of your family, which means moving without it is just not an option. This can be a big problem for some people, particularly those who are renting a home or apartment.

Renting with pets can be tricky. Many people find themselves wondering if they need a special insurance policy or if the pet fees imposed by their landlord is appropriate. That’s why we’ve taken the time today to write a brief overview of what every pet-owning renter should know.

It’s important to understand that landlords and property management companies are completely within their rights to refuse to rent to pet owners. That’s why it is so important to be up front when you are shopping around for a new place. You don’t want to get all the way to signing the lease before you realize your pet is not welcome in your new home.

Many landlords will require a pet deposit, or additional pet rent. This extra cost is usually justified by the cost to repair the normal wear and tear that comes with animals like dogs and cats. That being said, some landlords will try to take advantage by charging exorbitant pet rent. Be sure to do your due diligence and research what the average pet rent is for your area.

If you are worried about your rental applications getting rejected, consider creating a pet resume. While this may sound silly and can demonstrate to the property manager that your pet is clean, well trained and will not damage the property. The best pet resumes include letters of reference from your previous landlords and updated vaccine information.

So, now the big question: Do you need special insurance to rent with pets? In short, no. However, you should consider investing in a policy that includes some sort of pet coverage. This usually means a renters insurance policy.

Most rentals require a renters insurance policy, but even if yours does not it’s still a good idea to get one. If you have a pet, you should make sure your policy includes some form of pet liability. That way if your pet does cause damage to the property, you won’t find yourself in a financial quagmire.

It is important to point out that pet liability in a renters insurance policy is not the same as a pet insurance policy. Pet insurance policies are designed to help cover medical costs related to your pet, they do not provide any kind of liability coverage. Be sure to read the fine print in all of your insurance policies so you have a good understanding of the realities of your coverage.

To learn more about your current insurance policies, or to inquire about getting a new one, reach out to TGS Insurance at www.tgsinsurance.com.

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