Tag Archives: Dog bites

Fido Takes A Bite Out of Homeowners Claims

Don’t bite on this, but next week’s National Dog Bite Prevention Week is a reminder that Fido can cost dog owners—and their insurers—dearly.

Dog bite (and dog-related injuries) accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2015, costing in excess of $570 million, according to the Insurance Information Institute (I.I.I.) and insurer State Farm.

In its analysis, the I.I.I. found that while the number of dog bite claims nationwide decreased 7.2 percent in 2015, the average cost per claim for the year was up 16 percent.

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The average cost paid out for dog bite claims nationwide was $37,214 in 2015, compared with $32,072 in 2014 and $27,862 in 2013.

In fact, the average cost per claim nationally has risen more than 94 percent since 2003.

Why is this?

Loretta Worters, vice president at the I.I.I., says increased medical costs as well as the size of settlements, judgments and jury awards given to plaintiffs, which are still on the upswing, are responsible for the higher costs per claim.

Dog-related injuries also have an impact on the potential severity of losses. In addition to bites, dogs knock down children, cyclists, the elderly, all of which can result in fractures and other blunt force trauma injuries.

Another factor might be the surge in U.S. Post Office worker attacks, many of which take place at the customer’s door.

The study found the average cost per claim varies substantially across the country.

While Arizona had only the ninth largest number of claims at 393, it registered the highest average cost per claim of the 10 states with the most claims: a staggering $56,654.

State Farm notes that insurance is an important aspect to being a responsible dog owner and offers this important advice:

“When renting a property make sure to have rental insurance because most landlords do not provide coverage should there be a dog bite incident. If you are a homeowner, talk to your insurance agent about what is covered under a standard homeowner policy related to dogs.”

More on this story over at propertycasualty360.com

 

Dog Bite Claims, By The Numbers

National Dog Bite Prevention Week is coming up… Here are some numbers to consider:

  • – Dog bites caused more than 33 percent of all homeowners insurance liability claims in 2014, costing in excess of $530 million
  • – The average cost per claim has increased more than 67 percent from 2003 to 2014
  • – The number of dog-bite claims actually decreased by 4.7 percent  but the average cost per claim increased 15 percent  from $27,862 in 2013 to $32,072 in 2014
  • – California (1,867), Ohio (1,009) and New York (965) had the highest number of claims in 2014
  • – New York had the highest average cost per claim in the country: a whopping $56,628

Costs per claims have risen due to a variety of factors including increased medical costs and jury awards.   In addition to dog bites, some claims are due to dogs knocking down children, cyclists, the elderly, which can result in fractures and other injuries. All these factors impact the potential severity of losses.

Contact @LWorters for more information.

Dog Bite Liability: Are You Covered?

Many dog owners do not consider the possibility that their friendly Fido could bite a friend, relative, or even a stranger. But dog bites do happen and irresponsible dog owners endanger others and their assets, according to the Insurance Information Institute (I.I.I.)

For example, State Farm, the largest writer of homeowners insurance in the U.S., paid out more than $109 million as a result of its nearly 3,800 dog bite claims in 2011.

The I.I.I. reports that dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2011, costing nearly $479 million.

An analysis of homeowners insurance data by the I.I.I. found that the average cost  paid out to  dog bite claims was $29,396 in 2011, up 12.3 percent from $26,166 in 2010. In fact, from 2003 to 2011, the cost of the average dog bite claim increased by 53.4 percent.

These increases can be attributed to higher medical costs as well as the size of settlements, judgments, and jury awards given to plaintiffs, which have risen well above the rate of inflation in recent years, according to the I.I.I.

Most standard homeowners insurance policies provide policyholders with anywhere from $100,000 to $300,000 in dog bite liability coverage. If the claim exceeds those limits, the dog owner is personally responsible for all damages above that amount, including legal expenses.

Most insurers will cover homeowners with dogs. However, once a dog has bitten someone, your insurance company may charge a higher premium or exclude the dog from coverage.

Of course, the best way to protect yourself is to prevent your dog from biting anyone in the first place.

Check out this I.I.I. video for tips on preventing dog bites:

Next week is National Dog Bite Prevention Week so now is a good time to review tips on how to be a responsible dog owner.