DOGS & INSURANCE: The bite is worse than the bark

This expands upon the post about things your typical home policy does not cover.

You don’t have to search far to find a story about the numerous dog bite incidents that happen in the country each year. While our cuddly companions are often considered a member of the family, they may not be as friendly to strangers. That being said, our furry friends should be insured for the same reasons a young driver is insured- just in case there’s an accident!

Under most homeowner policies, your dog may be covered in the event of an incident; however, there may be some exceptions, which is why it is important to speak with your Insurance Agent.

Is my dog automatically covered under my homeowner’s insurance policy?

Usually, many insurers ask whether a homeowner or renter owns a dog in the initial policy application; however, you should talk to your independent agent before bringing Fido home to discuss the best way to address this exposure if there…

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Hidden Homeowners Insurance Coverage Gaps

What Doesn’t Your Homeowners Insurance Cover?

Does Your Home Insurance Cover This?

Does Your Home Insurance Cover This?

So you invested in a home which is probably the biggest commitment you will ever make. Of course, you take out a good home policy so your investment will be securely protected, right? The thing is a lot of home owners have no idea what their homeowners insurance really covers. This can be a serious problem if you ever do need to make a claim and your insurer says that your claim is not a covered incident.

What Is Included And What Is Excluded?

Do you even know what your policy covers? Maybe it is more important to ask you if you know what your homeowners insurance policy does not cover. If you have no clue, it is time to pull out your paperwork and get on the phone with your agent. Before you do that, take the time to learn about some commonly excluded risks. You can learn more about these risks here:

Some common and alarming examples, depending upon your area, are floods, earthquakes, your teenager mouthing off, and even misbehaving dogs. If you have a house to protect or assets to lose, you could be setting yourself up for a financial disaster.

  • If you have other assets to protect, you may choose extra liability insurance in the form of an umbrella policy:
  • If you are worried about property damage – either to your house or the things that you store inside of your house or garage, you might need additional policies or riders for these uncovered threats. i.e. earthquakes, trailers, and most commonly floods.
  • People who suffer from many natural disasters do not live in recognized high risk areas. In fact, these people could purchase coverage for low rates because they are not zoned to high risk areas, but never even realize this coverage is available, and then face devastation when their claims are denied.

If You Cannot Get Help Understanding What Your Homeowners Insurance Covers And Does Not Cover, Find Better Insurance!

If your own agent is too busy to take the time to speak with you, it is probably time to find another agent. Many people only speak to the experienced agent when they are buying a new policy, and then they quickly get shuffled off to a phone bank as soon as the policy is purchased. Find out what your home policy excludes a long time before you need to make a claim because you have a property damage or liability claim.