If your pet causes an injury to someone or damages another’s property, whether it’s inside or outside of your home, this is generally covered under the liability portion of your renters insurance. The two scenarios covered are injury liability and property damage liability. Renters insurance will only cover up to a certain limit. Anything beyond this limit amount is an out-of-pocket cost. To assess your pet’s risk, contact an agent to help you determine if you will need additional coverage.