Renters need insurance too

 Insurance  Comments Off on Renters need insurance too
May 172012

In order to own a home, it is required that the homeowner secures adequate insurance coverage.  If you rent a home or apartment, your landlord is responsible for attaining homeowners’ insurance.  Unfortunately, many renters are unaware that, in the event of a loss, their personal possessions will not be covered under the homeowners’ insurance policy.

While this may surprise many renters, there is good news.  Since renter’s insurance covers only the value of your belongings, not the physical building, the premium is relatively inexpensive.  This coverage ensures your protection in the event of losses sustained from fire or smoke, lightning, vandalism, theft, explosion, wind, and water damage (not including floods).  This coverage is similar to a typical homeowners’ insurance policy, as it also covers your financial responsibility should anyone be injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs should you be taken to court.

Coverage can also include additional living expenses if you and your family become displaced by the loss, but some limitations will apply. For more information on securing adequate rental insurance, contact your independent, Trusted Choice insurance agent at 401. 762.2218.


 Posted by at 6:17 pm

Dog Bite Liability

 Insurance  Comments Off on Dog Bite Liability
May 022012

For the most part, dogs are loving and dependable members of the family.  However, even the sweetest dog can bite if they feel threatened or scared.  This is even more of a problem for dogs that have been abused, neglected or mistreated.  Many homeowners often question whether they are covered if their dog should bite someone.  Here are a few things to keep in mind if you are a dog owner:

  • Homeowners and rental policies typically cover dog bite liability
  • Coverage does have limits (usually between $100,000 – $300,000)
  • If the claim against the homeowner exceeds that amount, the homeowner is entirely responsible for all damages above that amount – including legal fees
  • If your dog is a repeat biter, most insurance companies may charge a higher premium or exclude the dog from coverage all together
  • You may want to consider purchasing an umbrella liability policy to compliment your existing homeowners or renters insurance and safeguard your assets

We urge all pet owners to make certain that their pets are properly cared for, trained and kept in a fenced in yard, and leashed when walking.  Responsible pet ownership helps your dog and will also protect you and your family from any potential lawsuit.

To make certain that your homeowners’ insurance policy includes dog bite liability, contact your independent, Trusted Choice insurance agent at Soucy Insurance Agency at 401. 762.2218.