How Your Pet Affects Your Homeowner's Insurance Rates
If your pampered pooch gets a little overprotective and bites a visitor to your property, you probably expect a visit from the local dog officer. But it may also affect your next homeowner's insurance bill.
Did you know that dog bites are the largest single cause of home policy claims? According to Bankrate.com, that impetuous "nip" may result in higher homeowner's insurance rates for you:
Many insurance companies keep a list of dog breeds most likely to attack, based on Centers for Disease Control and Prevention statistics. If the homeowner owns that breed, it may be difficult to obtain insurance.
A single attack is often likely to result in higher premiums. However, homeowners may be able to keep their rates from escalating by remedying the situation to the insurance company's satisfaction.
This may involve getting rid of the dog, or taking the dog to a "psychologist" or animal trainer. Sometimes, the homeowner's rates will then depend upon passing a probationary period, such as six months without an attack.
Read More in: Dogs | Pet News
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Posted by Molly & Jessie at March 27, 2008 11:21 AM
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