Who needs an umbrella?3 of 7Deciding whether to get an umbrella when you're renting is a matter of adding up your "exposures," says Kevin Noles, a product manager at USAA."What are you involved in?" Noles says. "Are you a hunter? Do you golf? Even though you're renting, you may have a swimming pool. The more exposures you have, the more the likelihood of something catastrophic happening."Even the common act of owning a dog could increase your liability as a renter."Dog mauling cases quickly get north of typical liability insurance," Darras says. "You absolutely want an umbrella on top of your renters insurance."More On Insurance:Renters insurance protects your propertyInsurance newsCreate a news alert for "insurance" Related Articles:Liability storm? Get an umbrellaRenters, think like a landlord8 tips for home insuranceRelated Links:Rental query hurts credit?Nothing owed to rentersRent vs. buy calculator advertisement
Deciding whether to get an umbrella when you're renting is a matter of adding up your "exposures," says Kevin Noles, a product manager at USAA.
"What are you involved in?" Noles says. "Are you a hunter? Do you golf? Even though you're renting, you may have a swimming pool. The more exposures you have, the more the likelihood of something catastrophic happening."
Even the common act of owning a dog could increase your liability as a renter.
"Dog mauling cases quickly get north of typical liability insurance," Darras says. "You absolutely want an umbrella on top of your renters insurance."
More On Insurance:
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.