Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Contractors Insurance CONTRACTOR

Browse a variety of insurance options in order to find the right one for you.

Read More
Medicare Insurance MEDICARE

Learn about different medicare coverage to fit your specific needs.

Read More
Travel Insurance TRAVEL

Finding insurance doesn't have to be difficult. We do the work for you.

Read More

Are pit bulls costing you your homeowners insurance? 

Insurance carriers are suddenly dropping homeowners clients, it may be have something to do with the family pet running around their front yard.
According to recent data, the prejudice against pit bulls and other dog breeds considered dangerous is extending to the world of homeowners insurance.

In 2013, US insurance companies paid out more than $483 million for 17,369 dog bite-related claims. As a result, several families have reported their insurers ceased to cover them after finding out they own dog breeds classified as too risky to insure.

“The average cost per claim nationally has risen more than 45 percent in the last decade (2003-2013), due to increased medical costs as well as the size of settlements, judgments and jury awards given to plaintiffs, which are still on the upswing,” said Loretta Worters, vice president with the I.I.I.

And agents have noticed the pull back from carriers.

Of the eight insurance carriers Sacramento independent agent Randy Brown works with, “literally none of them will write policies for pit bulls, even mixed breeds,” he told the Sacramento Bee. Others will cover the breed, but exclude liability for bites or attacks.

“The presence of some dog breeds may make a home ineligible for insurance coverage,” a spokeswoman for The Hartford confirmed to the newspaper. “Each customer’s situation is different and we encourage homeowners to speak with their insurance company or agent for more information.”

The California Department of Insurance also advised that agents and policyholders don't exclude the presence of a dog on a homeowners insurance application, as this can not only lead to denied claims but constitutes insurance fraud.
Posted 12:54 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Share Kindness
© Copyright. All rights reserved.
Powered by Insurance Website Builder