REQUIRING RENTERS INSURANCE CAN MAKE PET POLICIES EASIER TO ENFORCE.
MORE VACANCY RISK, ESPECIALLY WITH PETS AND MODERN TENANT EXPECTATIONS
RISK #5
Pet ownership is not a niche preference anymore. According to the American Pet Products Association’s 2024 to 2025 survey, about 71% of U.S. households own a pet. That means landlords who restrict pets too heavily may shrink their applicant pool and increase vacancy risk. But pet friendly leasing comes with legitimate concerns: property damage, liability exposure, and neighbor complaints. Requiring renters insurance can make pet policies easier to enforce because tenants can carry liability coverage and may also have options for endorsements depending on the insurer.
71% of U.S. Households Own a Pet
BOTTOM LINE: Without renters insurance, landlords may feel forced into stricter rules that can increase vacancy and limit strong tenant demand such as pet friendly housing.
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