Is your dog on the "no-fly" list?
With $479,000,000 paid out in 2011 alone by the insurance industry for dog bite claims, the breed of dog you own is coming under scrutiny.
This is especially true when you apply for new homeowner/renters insurance. This isn't to say that every dog that is a particular breed will bite someone, but from the perspective of the insurance company, the odds aren't worth it.
The average claim paid is close to $30,000. (Of course it's much higher when children suffer facial injuries).
Pay attention to the application--there is often a specific question as to the dog you own--it's breed and weight, and number of dogs. Don't fudge the answer.
The breeds topping the "no-fly" list that could get your coverage denied are:
- Pit Bull/Stafford Terrier
- German Shepherd
- Alaskan Malamut
- Siberian Huskies
- Wolf Hybrid (perhaps not suprisingly)
There are others as well, that are not on this list...each carrier has a list but the ones listed above are most common. Newly added are:
If you have had your policy for years, there isn't much to worry about in terms of keeping your coverage (as long as you don't have a dog bite claim).
Insurance companies, though, will keep you on a 'short-leash'. After a dog bite liability claim, the underwriters often look to non-renew your coverage as soon as you legally can. In some cases if you want to keep your insurance you must not keep the dog.
We do have insurance companies who will write your policy no matter kind of dog you have. They will just exclude that particular coverage.
If your dog is on this list, let's talk.