Man's Best Friend, can be a homeowner or renter's worst enemy if they aren't properly insured. According to an article at the Insurance Information Institute, dog bites are responsible for 800,000 injuries that require medical attention and they account for one-third of all homeowners liability claims.
A lot of 20-somethings I talk to usually don't think about renters insurance because they say they don't own anything worth insuring, and they don't have any financial assets to protect because they just started working full time. That thinking is wrong on so many levels. Sure, you may not have enough furniture and property to worry about insurance, but you have the same liabilities as anyone else. And if you don't have the money now to pay off a lawsuit, the courts have a way of collecting on judgements well into the future, like paying off student loans a bit at a time.
So, if you own a dog, read this.
http://www.iii.org/individuals/homei/tips/dogbiteliability/
This is a problem that is easy to protect against, so contact me if you have more questions.
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