Equifax

Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter

 

Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Your Homeowners Insurance Policy and Fido

Written by Linda Rey on March 22, 2012 in Insurance  |   3 comments

I grew up with a wonderful dog, Maverick (maybe why my dad loved the movie Top Gun so much). Our dog brought great joy to my family, and I couldn’t imagine my childhood without him. However, while having a pet was wonderful, now I see…

homeowners insurance policy and dogsI grew up with a wonderful dog, Maverick (maybe why my dad loved the movie Top Gun so much). Our dog brought great joy to my family, and I couldn’t imagine my childhood without him. However, while having a pet was wonderful, now I see that there are also effects certain types of pets may have on your homeowners insurance policy.

Annually, 350,000 dog bite victims need to go to the ER for immediate attention, and these visits can cost a great deal of money—the average insurance claim for a dog bite is almost $19,000. Even with this risk, most homeowners insurance policies do cover animal liability and injury sustained from a result of a dog bite.

It is important to note, though, that if you own dogs of certain breeds, some carriers will limit the coverages on your insurance policy. These carriers don’t want to pay the extra costs associated with animal liability, so they may specifically exclude it on the insurance policy contract. If they do cover certain high-risk animals, you may need to pay a surcharge.

This may seem unfair to the animal lovers out there, but you can blame the actuaries. The underwriters listen to the actuaries who tell them that certain breeds of dogs have a greater chance of injuring someone. As a result, there is a perceived greater risk to insure that home—and a carrier may decline to write a policy.

What breeds do insurance companies consider dangerous or questionable?

Not all dogs are considered dangerous, and if you happen to own dogs in any of the breeds on the following list, I’m not saying your dogs are dangerous. This is simply a list of dog breeds known to be denied on a homeowners policy.

  • Rottweiler
  • Pit Bull
  • Akita
  • Doberman Pinscher
  • Great Dane
  • German Shepherd
  • Chow
  • Mastiff
  • Alaskan Malamute
  • Presa Canario
  • Siberian Husky
  • Staffordshire Bull Terrier
  • Wolf hybrid

In addition, ownership of exotic animals listed on insurance companies’ Exotic Pet Species Index could pose a problem for your policy. Even if you purchase one of these animals at a pet store or from another reputable dealer, it could still be a liability. Talk to your insurance broker before bringing one of these animals into your home.

  • Snake
  • Alligator
  • Skunk
  • Raccoon
  • Chinchilla
  • Sugar Glider
  • Wild feline cub
  • Non-human prima
  • Bear

It’s fun to have a pet, but be smart about pet ownership. Make sure that your companion animal enriches your life and doesn’t become a financial risk to you and your family. Consult with your broker to review your circumstances.

READ MORE:
Adjusting Your Homeowners Insurance
Will Your Policy Protect You from an Uninsured Driver?
How to Handle a Hit-and-Run Car Accident
Health Insurance Discounts for Healthy Lifestyle Habits

Linda Rey is a licensed insurance agent at Rey Insurance with a broad spectrum of expertise in life, accident, health, property and casualty insurance as well as retirement planning and college funding strategies.

Follow Linda on Twitter.

3 comments

  1. Kat says:

    Will your homeowners insurance cover your dog if someone in the neighborhood hurts your dog while he/she is on the premisis of the home? It sounds to me like this policy should also work in reverse. Say my dog is outside and a person kicks or hits him injuring him, would he be covered? I live in a tough neighbor hood but my Chihuahua likes to run and play outside and I often am afraid to let her out to play for the freaks that live in my neighborhood!

  2. Anonymous says:

    I’m sorry to hear this. Unfortunately, a homeowners policy would not be the remedy for this. If you had pet insurance, you could potentially have some relief. Or if you have a police report and know who of the dog’s owners, you may have to take this up as a civil legal matter.

  3. LINDA REY says:

    Here is an interesting article with claims statistics by state:
    http://www.claimsjournal.com/news/national/2012/05/16/206925.htm


Leave a Comment


Name :


Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.


Insurance Archive