Sep 08 2010
Your Dog May Contribute To Higher Home Insurance Costs!
Fido may be everyone’s best friend and an important member of your family, but did you know that dog bites make up almost 33% of all homeowner insurance liability claims at an annual cost of over $350 million? The average dog bit claim runs close to $25,000 per claim! And these costs are rising every year.
Dogs bite close to 5 million people annually, with one million of them needing medical attention. Many major insurance companies limit coverage to dog owners and there are large breeds that tend to bite, can inflict lots of damage and are often considered “no-insure” dogs by insurance companies. Insurance companies will look at how frequently a particular breed of dog bites and that will influence their willingness to provide insurance and for how much. The American Kennel Club provides an on-line Homeowner’s Insurance Center, which offers lots of great information about how to handle your liability insurance for your dog. Another great resource for information on this subject is from Dog Bite Law.
There are 11 dog breeds that could raise your insurance rates. These are:
- Akita
- Alaskan Malmute
- Chow Chow
- Doberman Pinscher
- German Shepherd
- Pit Bull
- Presa Canario
- Rottweiler
- Siberian Husky
- Stafforshire Bull Terrier
- Wolf Hybrids
If you’d like more information about home insurance contact Carolinas Realty Partners.
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