Is Your Pit Bull Driving Up Your Homeowner’s Insurance Premiums?

15 Jun Is Your Pit Bull Driving Up Your Homeowner’s Insurance Premiums?

Your Pit Bull may be the most pleasant dog on the block and the life of the party when you invite friends over. But insurance companies have a different perspective.

It doesn’t matter if your furry friend wouldn’t hurt a fly. If it’s on the ‘blacklist’, having it in your possession could burn a hole in your wallet.

Bankrate recently released a list from Einhorn Insurance of the 10 breeds most often blacklisted by insurers. The following breeds made the cut:

  1. Pit bulls and Staffordshire terriers
  2. Doberman pinschers
  3. Rottweilers
  4. Chow chows
  5. Great Danes
  6. Perro de Presa Canario
  7. Akitas
  8. Alaskan malamutes
  9. German shepherds
  10. Siberian huskies

Bonus: Wolf-hybrids

It’s no surprise that Pit Bulls and Staffordshire Terriers took the top spot. The media loves to blow attacks out of proportion and paint them as the most vicious dogs on the planet.

To add insult to injury, insurers tend to side with the media. “The insurance companies don’t want to deal with a potential lawsuit if someone gets bitten or hurt by your dog while they’re in your home,” Jeff McCarthy, an agent with Harrington Insurance Agency in Woburn, Mass told Forbes. And in some cases, they’ll completely deny your application for coverage.

Although this is discriminatory in nature, it’s not illegal. “In most states it is legal for insurance companies to charge homeowners higher premiums or refuse to renew a policy based solely on the owner’s breed of dog,” says the AKC.

So, what’s an owner to do? Instead of lying about your pit bull and putting yourself at risk, be upfront with your provider. If they  refuse to extend coverage to you, ask around. Also, conduct an online search of providers who are willing to accommodate your needs.

If your current provider has expressed their intention to drop you from your policy, you’re not out of luck. Check out the Homeowner’s Insurance Resource Center for a list of links that can help you find a new policy.  

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