You may have a different home insurance rate with your neighbor, although both of you have a dog. The truth is that the policy of the home insurance dogs depends on the breed you have. Some dog breeds increase your home insurance rate. These breeds even make it more difficult to buy insurance. Check the details below.
Dog Breeds that
Affect Your Home Insurance Rate
Some breeds that affect your
home insurance rate, including Akita, Alaskan Malamute, American Pit Bull Terrier, and German
Shepherd. Insurance companies are concerned about these breeds because they can
be aggressive when getting older and bigger. These dogs can bite people,
including children, and cause serious damage to your home or neighbors’
property. Potential insurers who have these dogs may receive different
homeowner insurance policies than those who don’t have these breeds.
The Impacts of Taking
Home Insurance while Taking Care of a Restricted Dog Breed
So, what are the
impacts of taking home insurance while taking care of a restricted dog breed?
More Costly
Premium
The home insurance dogs policy for potential
insurers with a restricted dog is a more costly premium. Insurance companies
see a chance that your dog will bite people or destroy property. The bigger the
chance, the greater the chance for you to file an insurance claim. So, the
solution is by raising your insurance rate to compensate for the claim and
payout.
Get an Extra Policy
from the Insurance Companies
Insurance companies
don’t want to take a risk if your dog bites people or destroys property.
Because of that, potential home insurers with a restricted dog will receive an
extra policy. The most common policy is that you have to pay the medical
expense or home repairs out-of-pocket if it is because of your dog.
Failed to Get
Insurance Coverage
Failing to get
insurance coverage is another serious risk potential insurers with a restricted
dog should face. The risk is getting bigger when your dog has aggressive
behavior. It would be difficult to renew your coverage at the end of the policy
period because of the dogs.
Tips to Get Home
Insurance even with a Restricted Dog
Despite the issue
above, you can still get home insurance. Follow the tips below.
Check Other Home
Insurance Providers
Having a restricted
dog means that you have to be selective in finding the best home insurance
provider. Ensure that you get a home insurance provider that accepts insurers
with a restricted dog. It is also good to find providers with the cheapest rate
due to your condition.
Get Additional
Coverage
Buying additional
coverage is also another effective trick to keep getting home insurance. The
function is to protect you from the liabilities because of your restricted dog.
Some providers offer dog
liability policies. It will increase your premium, but it is okay as long as you get home
insurance while keeping your beloved dog.
The point is that you
can still manage a home insurance plan even if you have a restricted dog. You
may need extra effort to find the most suitable home insurance dogs plan, but you will
be satisfied with the result.
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