Does having pets increase my homeowner's insurance rates?
Having pets in the house is an added liability. There is a chance this might increase your premium depending on the species and breed, especially if they are known to be dangerous or exotic i.e. venomous snakes or spiders. If there is ever a domestic animal attack on your property, your Homeowner's insurance will cover the medical payments and other expenses brought on by a lawsuit. However, if you have not added your pet and an incident occurs, the insurance company could deny your claim by stating you falsified information.
Dogs and cats are the most common pets in this country. With proper training, these animals can make great family pets. However, the breeds with a history of aggression could cause the insurance companies to increase your premium. Some dog breeds associated with higher premiums include Pit Bulls, Rottweilers, Doberman Pinschers, German Shepherds, Siberian Huskies, Akitas, and wolf-dog hybrids. The best way to avoid any incidents is to properly train your pet with a professional.
Fenix Risk Management is an independent insurance agency proudly
serving families & businesses in Georgia, Alabama, North Carolina, South Carolina, Tennessee, and Florida.
Vik is an adviser at Fenix Risk Management.
Note: the opinions expressed in this blog are that of the author, not of any other individual or organization referenced.