According to a survey by Apartments.com, 67% of respondents said they did not have any renters insurance. The main reason given for not purchasing such a policy was they belived they could not afford the coverage even though the premium is likely to be less than their monthly cable bill. The second-most used excuse was they they were unaware such coverage was available.
The study further showed the renters are 50% more likely to eperience a theft than homeowners, and apartment fires are a higher risk than in homes.
Dog Bite Claims Topped $400 Million in 2009
Dog bites accounted for more than 1?3 of all homeowners insurance liability claims paid out in 2009, costing $412 million and up 6.4% from 2008, according to the Insurance Information Institute.
An analysis of homeowners insurance cata by the I.I.I. found that the average cost of dog bite claims was $24,840 in 2009, up slightly from $24,461 in 2008. In fact, over the 6 year period since 2003, the cost of these claims has risen nearly 30%. Additionally, the number of claims increased by 4.8% to 16,586 in 2009 from 15, 823 in 2008.
Most dogs are friendly, loving members of the family, said Loretta Worters, vice president at the I.I.I. but even normally docile dogs, may bite when they are frightened or when protecting their puppies, owners or food. Ultimately, the responsiblity for properly training and controlling a dog rest with the owner.
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