Is your dog’s breed to aggressive to be covered by your homeowners’ insurance?

For many years, dog owners and insurance companies have been battling it out over claims because some insurers maintain a restricted list of breeds that will not be covered by homeowners’ insurance due to a perception of their tendencies toward aggression. Since it is technically possible for a dog of any breed to bite hard enough to lead to an injury, legislation in many states includes a specific definition of what constitutes a dangerous dog, and regulations for maintaining that animal. This has made it possible for a dog to…

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Hurricane Irene spurs growth in wedding and event insurance

When Hurricane Irene made its way up the East Coast of the United States, it destroyed homes and businesses, ripped up trees, downed power lines, and disappointed many who had been preparing for important events such as weddings. The majority of couples who had intended to get married during the week of August 28, 2011, were forced to either cancel their weddings or at least postpone them until a later date. Hurricane Irene made the risk of this type of unforeseen event quite real to many other couples who have…

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Hogan’s malpractice suit gets thrown out

Wells Fargo Insurance Services Inc. in Florida has been sued for business malpractice by celebrity Hulk Hogan. Mr. Hogan (real name Terry Bollea) sued Wells Fargo for failing to protect his assets properly, by providing him with an umbrella policy. Mr. Hogan was sued over an auto accident his son had in 2007, which left a passenger in his car with permanent brain damage. Even though both vehicles involved in the accident were his own; his vehicles’ insurance maximum payment was 250 thousand, per vehicle. With inadequate coverage, he was…

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Animal liability coverage going away on some homeowner’s policies

If you’re thinking about buying a home, or changing insurance providers, make sure you read the fine print. There are several insurance companies that are excluding coverage for your canine companions. They will no longer cover property damage caused by your dog, and they won’t pay for any medical costs should someone get bit.  Insurers and underwriters are watching the numbers, and the numbers are telling them they are paying out well over 400 million dollars a year on dog bite incidents. Hospital emergency rooms see over 365 thousand people…

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