Most people are either dog or cat lovers, but when it comes to taking out renters insurance, New York residents may have to pick a policy that reflects their choice of pet.

Mandatory insurance for pet owners
Although renters insurance isn't typically mandatory, some landlords require pet owners to take out renters insurance. However, it's important to make sure that you and your landlord are aware of where your responsibility lies. For example, if your pets damage the property, the landlord is typically accountable when it comes to the repair. Because of this, some landlords disallow pets altogether.

Dogs and liability
Many people are sent to the doctor or admitted to hospital each year because of injuries caused by pets - in particular, dogs. Bites, scratches, and scrapes from falls are just some of the injuries that can be caused by your pet, and it's not unlikely that an affected person will seek compensation for the injury. If you're a dog owner, then taking out a quality insurance policy may help protect you financially in the event of a claim.

Your preferred breed
Although your furry friend may be as friendly as can be, some breeds are more difficult to insure than others. These pets are considered to be high risk, and the cost of your renters’ insurance may increase as a result. In some cases, you may find it difficult to find liability insurance at all.

If you're considering purchasing a dog, particularly if the breed may be considered dangerous, it may pay to find out what impact it will have on your New York insurance premium before you buy.