Did you know that depending on the breed of dog you own, a dog bite may not be covered under your homeowners insurance? Beware: without coverage, or if the damage exceeds your coverage, you could potentially have to fork out a large chunk of change for any harm done. Compared to the good ‘ole days when doctors would just stitch up a wound and call it a day, the plastic surgeons of today tend to charge a pretty penny for the work they do, so costs can add up quickly. It might be hard to think about your trusted pet being labeled as dangerous, but an act of aggression could result in you being forced to put the animal down. Of course, this would not only be your financial responsibility, but it would also cause much emotional distress.
According to the Insurance Information Institute, dog bite incidences have spiked over the past year, resulting in $475 million of liability claims. It should come as no surprise then that various breeds are excluded from homeowners, renters or condominium insurance coverage. Many insurance companies are also discriminating against particular breeds, so remember to check ‘approved’ breeds prior to purchasing or adopting a canine friend, so as to help avoid possible heartache later. Opting for additional coverage might also be a wise move.
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Typically restricted breeds include: Akita, Alaskan Malamute, Presa Canario, Chow Chow, Doberman Pinscher, German Shepherd, Pit Bull Terrier, Rottweiler, and Siberian Husky.
Do you own one of these furry friends? Have you ever had to make a dog-bite claim? Do you think insurance premiums are likely to increase because of this issue? Share your experiences by posting a comment!