Dogs may be a man’s best friend, but to a landlord or insurance agent, they can be the enemy. Having a dog, especially a pit bull terrier, can make it difficult to find the right homeowner’s coverage, or to find a home at all. Below are some things to know about buying homeowner’s insurance when you have a dog considered to be a ‘dangerous breed’.
The ‘Dangerous Breed’ Designation
Some insurers label some dog breeds as a danger due to their tendency to nip and bite. Dog bite claims are costly due to settlement size, medical expenses and payouts. If you own a ‘dangerous breed’, expect to pay more for your coverage.
Coverage Varies by State
Some companies offer coverage for dangerous breeds, but availability can vary. Depending on lawsuit liability, state law and number of claims lodged against the breed, some companies may be reluctant to extend an offer of coverage.
You’re More Important Than You Think
Where buying homeowner’s insurance from Patrick Court is concerned, your responsibilities as a dog owner come into play. When you own a dangerous breed and are looking for homeowner’s coverage, you’ll have to answer a set of questions regarding your dog and their care. Many companies are unwilling to offer coverage to irresponsible dog owners.
More Coverage is Better
The average dog bite claim costs about $30,000, but most homeowners should have at least $100,000 in liability insurance. You should have enough coverage to cover your assets; if a claim exceeds your coverage limit, you are responsible for the balance. If you live in an apartment or duplex, greater coverage can protect you from your dog’s increased exposure to other people.
Your Policy May Not Cover Everything
When buying home owners insurance in Austin, TX, you don’t want to wait until something happens to find out you’re not covered. Read the fine print–thoroughly–and if you’re unsure about anything, ask your insurer. If you are still unsure on your level of coverage, consider buying an umbrella policy that covers you if a claim exceeds your coverage limit. It may cost a little more now, but it can save you a lot in the event of a dog bite claim.
