How home insurance can bite you
When dogs bite, Illinois home insurance quotes from someone can take a bite out of your budget. That’s because bite injuries are a real issue in the industry, with an unofficial list of breeds responsible for the most bite claims. As you might expect, these are the breeds most likely to be thought of as protective dogs or guard dogs. Here are some of the dogs on the list:
If you have one of these dogs, companies will want to know and depending on their rules, they may not cover liability for bites. You may know your dog is a sweetheart, but all your carrier knows is the data. Actuarial tables set out the probability of a claim and companies set their internal guidelines accordingly. Either they do not cover that at all, or they charge a higher premium. They may even tell you that your dog must be restrained or muzzled when humans are around or that you must take them to a behavior class.
The whole purpose is that they want to avoid the risk of claim, so when they identify statistical patterns in claim filing, they take notice. Why is this such a big deal? Canine bites cost companies around half of a billion dollars every single year. That is a lot of money and especially the smaller carriers do not want to face costly claims.
Almost five million people suffer dog bites each year and the list above details the kinds of dogs responsible for claims like this. If your dog is not currently on this list, you may still be at risk because the list does change each year. Also, a mixed breed canine with one of these in the mix can also be subject to these restrictions.
Most people don’t think about premiums when they adopt a cute little puppy and no one wants to think their dog will hurt someone, even inadvertently. But it happens. It is wise to consider the impact on premiums before you adopt a dog, but if you already have one of the listed breeds, you’ll want to check out each carrier you are considering to be sure you have appropriate coverage. If these are losses carriers don’t want to face, you don’t want to face them without being protected, either.