According to a 2012 survey by the Humane Society of the United States, nearly 164 million people in the United States own pets. This means that approximately 62 percent of all households are home to at least one pet.
Considering the fact that most homeowners have a pet, its very important to make sure your pets are insured along with yourself. Many people might think that if you have a homeowners policy that means your pets are automatically covered. In some cases your homeowners policy does cover your pets, but all policies are different and this means knowing your current policy and its coverage so you can understand if your pets are covered. Basic and Broad form policies only cover a specific list of perils that might occur and pet damages are not one of them. Also depending on the type of breed of the dog the company might deem the dog uninsurable because of the history of the breed.
Common Dogs that are excluded:
- Alaskan Malamute
- Chow Chow
- Doberman Pinscher
- German Shepherd
- Pit Bull
- Presa Canario
- Siberian Husky
- Staffordshire Bull Terrier
- Wolf hybrids
Usually this also excludes exotic animals such as snakes, lizards, etc.
The main concern with having your pet covered is in the event that your pet is involved in a situation where they bite and injure another. Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2013, costing more than $483 million, according to the Insurance Information Institute (I.I.I.) and State Farm. Not only are bites and injury a concern but also property damage done to another home by your pet.
Since this is such a common occurrence when having a pet this is something that you do not want to leave out in your homeowners policy.
What Can You Do?
- Look over your homeowners policy and see if your pet is covered and if you are not sure call your local agent so they can answer any questions you might have.
- If you currently don’t have coverage for your pet make sure you have that added to your current homeowners policy.