With Easter upon us, we are reminded that sometimes parents like to find a new pet to put in the Easter basket. But before you get that new pet, remember that there are some potential insurance implications.

Most insurance companies will provide coverage for liability if your pet hurts someone or destroys a neighbor’s property. However, due to tendencies, some animals may require additional information, additional premium, or even be denied. Companies have lists of dangerous animals, and whether or not they can be included on the homeowner’s policy. These include specific breeds of dogs, and other exotic animals (snakes, tigers, monkeys, ferrets). There may be other insurance available for purchase to cover the liability for these types of animals, but check with your company to determine what needs to be done.

Even if your pet is deemed “safe”, it is a good idea to increase your liability coverage, just in case there is an incident. Most homeowner’s policies start at $100,000, but will go up to $500,000. This coverage helps offset the cost if you were to be sued due to an incident.

One other thing to remember, it depends on the company, but most policies won’t cover damage that your pet does to your home or to someone who lives in your home. So if your new puppy destroys your couch, you most likely won’t have coverage. But, if your new puppy gets out of the yard and damages your neighbors screened-in porch, you typically would have at least some coverage.

Each insurance policy is unique. While some generalities can be made, each situation should be reviewed on a case-by-case basis. This is not considered advice on any specific insurance matter. Please contact an agent to discuss any concerns you may have.