How Will Your Pet Affect Your Insurance?

3.02.2015
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What Effect Will Your Furry Family Member Have On Your Coverage?

Your pet is another family member, a valued part of your home that you go to great strides to protect. Have you wondered, though, what your pet does to your protection? Particularly, have you considered how he or she affects your homeowners insurance premiums?

When you bring home a new pet, you will likely see your insurance premiums increase. That is because your insurance providers make sure you have enough coverage to protect you from risk, and owning a pet increases your exposure to risk.

Dogs are one of the most common pets, and also one of the most common causes of premium increases. Dogs bit 4.5 million people last year—900,000 of whom required medical attention—and your insurance provider is well aware of these statistics. The level of aggression typically exhibited by your dog’s breed will impact how much your rates increase, as the gentle, calm husky is much less risky than the aggressive Dachshund or Chihuahua. Either way, you will not need to secure a separate policy to protect against your pet’s liability, and your insurance provider can work with you to include your pet on your homeowners policy.

If, however, you have more exotic taste you will need to secure a separate policy. Big game cats and apes are a couple examples of unusual pets that will require an exotic pet policy.

You deserve to work with an insurance agent who will take the time to help you understand what your furry family member will do to your homeowners insurance policy. Contact Udell Family Insurance in Westlake Village, California to get the right insurance for you. We are here to make sure you get the coverage you need for every valuable part of your life, including your pet.

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