{"id":196,"date":"2016-03-10T20:56:48","date_gmt":"2016-03-10T20:56:48","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=196"},"modified":"2025-01-20T14:45:24","modified_gmt":"2025-01-20T14:45:24","slug":"can-my-homeowners-insurance-be-cancelled-if-i-own-a-pit-bull","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/homeowners-insurance\/understanding-homeowners-insurance\/can-my-homeowners-insurance-be-cancelled-if-i-own-a-pit-bull\/","title":{"rendered":"Can My Homeowners Insurance Be Cancelled If I Own a Pit Bull?"},"content":{"rendered":"
When shopping for homeowners insurance<\/a> most consumers don\u2019t give much thought to their pets \u2013 but, their insurer might. As it turns out, some insurance companies consider certain breeds, especially pit bulls, to be a high risk of potential liability and lawsuits from dog bites, leading to substantial medical costs, settlement size, and corresponding payouts.<\/p>\n Breed bias is entirely up to the individual insurer as well as the agent writing up your policy. You might think of your pit bull as sweet and cuddly, but your agent may have a different opinion as a result of the breed\u2019s bad press and reputation over recent years and label your lovable pooch as too dangerous to provide you with coverage.<\/p>\n While it might seem silly that in many states your dog\u2019s breed can dictate an insurance company\u2019s willingness to cover your home, to your insurer it all comes down to financial considerations. In other words, protecting your residence from fire and theft is one thing, but dog bites are another.<\/p>\n Owning a \u201cdangerous breed\u201d makes insurance carriers leery because they believe it\u2019s more a matter of \u201cwhen\u201d the dog will attack rather than \u201cif\u201d, according to Howard Bergstein, president of independent insurance agency, Erich Courant & Co.<\/p>\n Looking at it from your insurer\u2019s perspective \u2013 dog bites have become a major financial burden for the insurance industry. In fact, the most recent claim statistic from the Insurance Information Institute showed that dog bites and dog-related injuries accounted for more than one third of all homeowners insurance liability claims paid out in 2014, which amounted to over $530 million dollars and an average claim payout of nearly $32,000.<\/p>\n However, because actual costs could be much higher, you have to make sure your coverage is enough \u2013 just in case. For example, should the injured party be critically injured or maimed as a result of your dog attacking them, you could lose your home if your homeowners insurance or renters insurance policy is limited to $100,000 liability coverage and you\u2019re sued for millions.<\/p>\nOwning a \u201cdangerous breed\u201d<\/h2>\n