American dog bite insurance claims rose to $686 million in 2017

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The country saw a 2.2 percent increase in the cost of these claims, said the Insurance Information Institute. The Insurance Information Institute has released its latest U.S. dog bite insurance claims data. The report showed a 2.2 percent increase in the total cost of claims nationwide last year. Claims values themselves increased by a considerable amount in 2017 when compared to 2016. Dog bite insurance claims values rose to over $686 million in 2017. This paid for the year’s 18,552 claims. The average cost per single dog bite claim rose…

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The cost of dog bite insurance claims is steadily increasing

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Over one in three homeowners insurance liability claim payments are a result of these suits. According to data from the Insurance Information Institute, in 2011, more than a third of all of the claims paid out for homeowners liability coverage had to do with a dog bite. In fact, those filings made up almost $479 million in payments in that year alone. The largest American writer of homeowners policies, State Farm Mutual Automobile Insurance Company, paid out over $109 million to people who were bitten by dogs. It received almost…

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