Protect Your Finances From Dog Bites
If you don't have enough insurance coverage, you might have to cover the costs when your pet injures someone.

If you've been busy planning a Memorial Day cookout or preparing to travel over the long holiday weekend, it might have slipped your mind that it's National Dog Bite Prevention Week. Or maybe you didn't even know there was such a week (I didn't, either, until recently). Considering this annual event is designed to increase awareness about the serious issue of dog bites, I thought it would be a good time to let you know how this matter could affect your finances.
QUIZ: Are You Covered?
You could be held liable if your dog bites someone. In some states, the owner isn't held liable for the dog's first bite. But many states have moved away from the one-bite rule and consider the owner automatically liable for any injury a dog causes. Pet owners who are considered legally responsible for an injury typically have to reimburse the injured person for medical bills, lost wages, pain and suffering, and property damage.
Homeowners and renters insurance policies usually provide dog-bite liability coverage. In fact, insurance companies paid more than $489 million in dog-bite claims in 2012, according to the Insurance Information Institute and State Farm, and the average claim cost $29,752. But considering that some lawsuits end up costing hundreds of thousands of dollars, the insurance coverage you have might not be enough to pay for all the legal and medical bills if your pet injures someone.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The standard homeowners policy usually provides $100,000 to $300,000 in liability coverage. If a dog-bite settlement exceeds that limit, the dog owner must cover the difference. The greater a person's assets, the higher the risk of a costly lawsuit, according to III. That's why some people should consider getting an umbrella liability policy. For about $200 to $400 a year, you can get $1 million of liability coverage (see Why You Should Have Umbrella Liability Insurance for more information).
Also, if your pet does injure someone, your insurance company may charge a higher premium or exclude the animal from coverage, according to III. Some companies require owners to take their dog to behavior-modification classes in order to get coverage for the pet. And some insurers ask homeowners with pets to sign liability waivers for dog bites. For tips on preventing dog bites, visit the American Veterinary Medical Association Web site.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.
Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.
-
Stock Market Today: Stocks Soar on China Trade Talk Hopes
Treasury Secretary Bessent said current U.S.-China trade relations are unsustainable and signaled hopes for negotiations.
By Karee Venema
-
2026 Disney Dining Plan Returns: Free Dining for Kids & Resort Benefits
Plan your 2026 Walt Disney World vacation now. Learn about the returning Disney Dining Plan, how kids aged three to nine eat free, and the exclusive benefits of staying at a Disney Resort hotel.
By Carla Ayers
-
Five Ways to Save on Vacation Rental Properties
Travel Use these strategies to pay less for an apartment, condo or house when you travel.
By Cameron Huddleston
-
How to Avoid Annoying Hotel Fees: Per Person, Parking and More
Travel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
By Cameron Huddleston
-
How to Appeal an Unexpected Medical Bill
health insurance You may receive a bill because your insurance company denied a claim—but that doesn’t mean you have to pay it.
By Rivan V. Stinson
-
Amazon Prime Fees Are Rising. Here’s How to Cancel Your Amazon Prime Membership
Feature Amazon Prime will soon cost $139 a year, $180 for those who pay monthly. If you’re a subscriber, maybe it’s time to rethink your relationship. Here’s a step-by-step guide to canceling Prime.
By Bob Niedt
-
How to Haggle for Almost Anything
Smart Buying Learning how to haggle is an invaluable skill. These strategies will help you negotiate a better price for just about any product or service.
By Katherine Reynolds Lewis
-
Disability Insurance Can Provide COVID Coverage
Coronavirus and Your Money If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.
By Rivan V. Stinson
-
21 Things You Can't Return to Amazon — Either Online or In-Store
Did you know there are things you can't return to Amazon? Before adding these 21 items to your cart, be sure to read Amazon's return policy first.
By Bob Niedt
-
How to Avoid a Charity Scam
personal finance Scammers never quit, even when you're trying to be altruistic. But you can avoid getting duped if you do your homework.
By Rivan V. Stinson