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Homeowners InsuranceDo certain dog breeds raise your homeowners insurance?Stay away from these dogsBy Catherine
BillSavings.com Brief:
If you want to buy a dog, you probably consider the cost of dog food and vet visits when trying to make a decision. Think about your homeowners insurace as well. Certain dog breeds will raise your homeowners insurance. Are you okay with that?
The short answer is yes, certain dog breeds raise your homeowners insurance. The longer answer is a bit more complicated. If you already own a dog, he or she is probably considered to be a member of the family. Today, many pets are loved and adored, living and sleeping among the people who own them. Pets are showered with attention, entertainment, and medical care that rival humans for high prices. Dog owners spend millions each year on entertainment, grooming, and toys for their beloved pets. Certain dog owners will also be paying more money each year in homeowners insurance. Why the higher prices? Certain dog breeds are in the media more than others and that media attention is not always good. Most of the negative press coverage centers on injuries these dogs have caused. Many breeds of dogs now have a bad reputation thanks to frequent attacks on other dogs and people. In some instances, people have been killed by such dogs. This leads to a controversy over whether it’s the breed to blame or the owner/trainer who instills such attack instincts into a particular breed. Regardless over who’s to blame, breeder or breed, the result is that certain dog breeds have acquired a reputation and insurance companies are loathe to cover a house where they are the pets of choice. So the insurance companies raise their rates or refuse to cover homes with certain dog breeds present. Dog breeds to watch out for Just because a breed makes this list, doesn’t necessarily make it a bad dog. Lots of dog owners all over the country will attest to the loyalty and companionship these animals provide. Many of them are outstanding guard dogs and family protectors as well. Unfortunately, owning them could raise the monthly premium payments you make on your homeowners insurance. Owning some of these animals might also prevent you from being able to get homeowners insurance in the first place. If you are looking to buy a house and need homeowners insurance, or perhaps you are considering a pet and not sure which one to buy, maybe you should think about the type of canine you don’t like. Beware of these breeds
Insurance isn’t the only thing that will cost you Increasingly, people who are bit by dogs end up suing the owners. Insurance companies are required to pay and that’s one reason why they don’t cover many of these breeds. Insurance companies are paying out hundreds of millions of dollars in claims each year. Other issues include property damage to your home or someone else’s. Many breeds can damage property and that costs insurance companies too. This is why certain dog breeds raise your homeowners insurance. Biting, litigation costs, property damage, and animal or human fatalities are just a few of the problems they pose. If you want to add a dog to your family, think about the consequences when buying a dog that costs so much in homeowners insurance premiums. Talk to your insurance company before moving forward with the purchase. Not all negative These are some steps to take in order to prevent tragedies, accidents, and lower your premium payments.
3/30/2009
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Betty - 7/27/2009 @ 9:22:05 AM
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