How Your Pet Can Affect Your Home Insurance
Having a furry friend in your home is a great way to add a little more love and fun into your house. While most people only consider their pet’s happiness in their home, there are many other factors to consider, such as your homeowners insurance policy.
Dogs are one of the most common household pets and also cause one of the biggest risks to your home insurance. Dogs bite over 4 million people each year, and almost a million of those cases require some type of medical treatment. Luckily, typical homeowners insurance policies will provide coverage in case of a dog bite or any other incident related to your pet. The liability portion of your homeowners insurance policy will provide coverage if your pooch injures someone who is visiting your home.
Depending on the type of animal you have in your home, your homeowner’s insurance policy may increase or decrease. The breed of your pet has a large impact on how they will affect your home insurance premium. Muscular dogs that can inflict serious harm with just one bite can cause your premiums to rise significantly, whereas typically calm breeds may not cause it to rise very much. Insurance providers may even refuse coverage for your home based on your pet or the number of pets that you have.
If you have a pet other than a cat or a dog, such as a horse or potbellied pig, your homeowners insurance can still provide coverage for any injuries they cause. Keep in mind that no matter what type of pet you have, talking with your insurance agent is the best way to ensure that you are protected from any unfortunate situation.