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Updated over 8 years ago on . Most recent reply

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24
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Kelly McMillan
  • Real Estate Agent
  • Durham, NC
10
Votes |
24
Posts

Pit friendly protections in NC?

Kelly McMillan
  • Real Estate Agent
  • Durham, NC
Posted

Hi, 

I'd like to allow my renters to keep Pits and large breeds, and promote myself as a dog-friendly landlord. They make up most rescue populations. I screen tenants myself, so I can meet them and their pet. I would require them to purchase an insurance policy without breed exclusions. 

But even if they are properly insured, what liabilities would I take on in if there was an incident? Any additional due diligence I can do to protect my properties? My properties are owned as separate LLC's, but I certainly wouldn't want to lose one in a lawsuit.

Most Popular Reply

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397
Posts
244
Votes
Derek Lacy
  • Insurance Agent
  • Maitland, FL
244
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397
Posts
Derek Lacy
  • Insurance Agent
  • Maitland, FL
Replied

98% of the insurance industry is not wrong. Dogsbite.org for more info. There is no safe pitbull. That is why the plurality of dog bite victims are owners or household members that have no signs of animal neglect, abuse or mistreatment of the dog.

It's the dog not the owner.

Don't get me wrong, it is highly more likely nothing happens, but if something happens are you willing to put everything you worked hard to own on the line?

With that said State Farm is the only major insurer that has no breed restriction, but they even recently reported that the choice to not restrict breeds has raised their liability cost by 20% for all policyholders, and if they don't take action on breed restrictions, that may move to 50% by 2022.

So you have a risk finance method until the first bite. Then they will non renew (they have no breed restriction, but will non renew all policies on the first bite). So then your stuck with tenants with dangerous dogs and no insurance coverage.

Remember insurance does not eliminate your responsibility, it only finances your risk, until it doesn't. You still retain all financial risk.

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