Insurance companies saw a 12% increase in costs related to dog bite claims in 2011, with the cost of an average claim increasing to almost $30,000.
According to the Insurance Information Institute, State Farm Mutual Automobile Insurance Company, the largest writer of homeowners insurance in the U.S., paid out more than $109 million as a result of its nearly 3,800 dog bite claims in 2011. Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2011, costing the homeowner’s insurance industry nearly $479 million.
For all insurance companies, the number of claims rose 3.3 percent from 15,770 in 2010 to 16,292 in 2011. However, there were fewer claims in 2011 than there were in 2003.
If you or a family member are a dog bite victim, you can learn more about Tennessee law on this subject from the following links: