Don't Let Dogs Become A Multifamily Insurance Liability
You Can Prevent A Multifamily Insurance Liability By Getting Dog Bite Liability Insurance
Did you know that dog bites can often become a HUGE multifamily insurance liability? In fact, dog bites are one of the biggest insurance claims period. It is imperative to understand why this is, and how you can work to prevent this type of multifamily insurance liability.
How Can Dogs Become a Multifamily Insurance Liability
On average, there are around 4 million dog bites a year in the United States alone. Broken down, this is about $30,000 to $50,000 in monetary claims. While the level of severity for dog bites can certainly differ, the above numbers reflect an estimation of a very serious problem.
It doesn't matter if the dog is a bull breed or a small toy dog - dogs can often become unpredictable. If you do not allow dogs on the property, keep in mind that, if the dog is an assistance dog, then it will need to be allowed (even if it is a bull breed). Thus, even if there are only a few dogs on the premise, this can be potentially problematic and raise the level of risk for your property.
Preventing A Multifamily Insurance Liability
The primary goal is to try to prevent lawsuits from springing up. The best way to do to that is to invest in dog bite liability. That way, should a dog unfortunately bite a tenant, you can better cover your assets.