3 Common Risks That Can Affect Your Homeowners Insurance
The typical homeowners insurance policy provides a layer of financial protection against property damage and liability claims. Specifically, policies usually include coverage for your dwelling, detached structures, personal property, loss of use, and liability coverage. Generally, the standard limits provided by these policies are sufficient protection.
However, there are certain risks or factors that may be unique to you that could affect your homeowners insurance coverage. Be sure to review the list below and contact your Mequell Green Insurance Agency agent today if any apply to you.
#1: You Have a Dog
Although your fluffy friend may be the sweetest pup and you don’t think that they would ever bite a guest on your property, dog bites are a common homeowners liability claim. According to the Centers for Disease Control and Prevention, more than 4.5 million people are bitten by dogs annually. What’s more, dog bites account for one-third of all homeowners liability insurance claims.
If you have a dog, or multiple dogs, be sure to speak with Mequell Green Insurance Agency to confirm that your homeowners liability coverage provides adequate protection. Please note, some breeds may preclude you from coverage or result in exclusions precluding dog bite liability protections from your policy.
#2: You Have An “Attractive Nuisance”
An attractive nuisance is a feature on your property that, while attractive or fun, is extremely dangerous. Examples of attractive nuisances include swimming pools, playgrounds, tree houses, fire pits, and trampolines. Unfortunately, having these structures or toys on your property increases the likelihood that neighborhood guests will flock to your home, potentially leading to injuries resulting in a liability claim against your homeowners insurance policy.
Be sure to work with Mequell Green Insurance Agency to ensure that you have adequate liability coverage if you do have an attractive nuisance on your property. We can also help you learn more about mitigating your risk if you have a pool, trampoline, or fire pit.
#3: You Have An Exotic Pet
Similar to the risks that dogs pose, having an exotic pet could create a liability issue for you. Every insurer is different, but pets such as snakes, amphibians, and spiders, can be considered exotic pets. Work with Mequell Green Insurance Agency to check whether your homeowners liability coverage protects you against claims arising from an injury your exotic pet may cause.
Let Us Help You Check Your Coverage
Navigating your homeowners insurance coverage can feel overwhelming, but that’s why we’re here to help. Contact Mequell Green Insurance Agency today and we can help review your personal risks and assess whether your policy provides the protections you need.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.