Dog Bites and Homeowners Insurance: The Million Dollar Problem

While dogs are often referred to as man's best friend, with one bite they can become a physical and financial enemy. In 2005, dog bites cost insurers $317.2 million; with over 50% of the bites occurring on the dog owner's property. Dog attacks account for one-third of all liability claims on homeowners' insurance policies.

Dog-Bite Liability Insurance:

Homeowners are financially liable for dog bites. Most homeowners and renters policies provide $100,000 to $300,000 in coverage for liability claims. However, anything over the policy limit is the homeowner's responsibility. Once a dog has bitten someone, it poses an increased bite risk. A survey among insurance companies showed that 70% of insurers would not renew a homeowner's policy after one dog bite. To increase home security, consider buying an alarm system rather than a dog. An alarm may qualify for a homeowners insurance discount.

Preventing Dog Bites:

Carefully consider dog breeds before selecting a pet. Consult a veterinarian for advice. Introduce new dogs slowly to new social situations. Never put a dog in a position where it feels threatened. Have the dog spayed or neutered. Unneutered dogs are three times more likely to bite than neutered dogs. Play nonaggressive games such as fetch with dogs. Playing aggressive games can encourage inappropriate behavior. Never approach a dog you don't know, and avoid teasing or eye contact with a dog that appears threatening. All parents - even those without family pets - should teach their children to be careful around animals.

Having a dog around can be fun and exciting. With just over 36% of the U.S population owning at least one dog, a lot of people are enjoying the company of a dog. To make sure you are sufficiently covered should your dog bite someone, make sure your homeowners insurance policy is up to date. If you add a dog to your policy and your premium drastically increases, it's a good time to shop around for homeowners insurance. Using InsWeb.com's online homeowners insurance quote form, you can compare homeowners insurance quotes in a matter of minutes.