How Does Dog Bite Insurance Work?

In order to protect yourself from a costly lawsuit, you may have thought about purchasing dog bite insurance. Such a policy can prevent a financially troublesome situation for you in the event your pet attacks someone. There are several things to consider when you are looking over Florida dog bite liabilities policies, including gaining an understanding of how the insurance works.

Damages Covered

Someone who has been bitten or attacked by a dog has the legal right to pursue a claim against the pet owner. A lawsuit could seek damages such as:

  • Covering the cost of medical bills
  • Making up for income lost due to workdays missed
  • Compensating the victim for pain, suffering and emotional trauma

An insurance policy can help mitigate those costs.

What About Homeowner’s Insurance?

There are some instances in which either homeowner’s insurance or even automobile insurance policies could contribute toward the cost of a dog bite. However, the losses sustained following an attack can be quite substantial, far exceeding the coverage limits these policies cover. The Insurance Information Institute notes that dog bite claims cost more than $483 million in 2013.

Additionally, the III reports that the average cost of a claim in 2013 was $27,862, and the average cost per claim has risen more than 45 percent over the last decade due to an increase in medical costs. That is why many people choose a separate Florida dog bite liabilities option.

If you are a pet owner, it is a good idea to review your options for such a policy. Doing so could prevent a financially stressful situation.

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