Finding Renters Insurance After Dog Bite Claim

Discussion in 'P&C Insurance Forum' started by wiagent, Jun 19, 2017.

  1. wiagent
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    wiagent Member

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    I have a client that had a $30k dog bite claim on their renters insurance last summer and of course they are being dropped. The dog is a Border Collie but got spooked when a child wrapped their arms around the dogs head. I am a broker with about 10 different carriers and they have all told me no. I have a request through surplus lines right now so hopefully I'll hear something back but I just need to get something in force excluding the dog. Has anyone dealt with this or have recommendations? None of the earlier threads had much info on this.
     
  2. gambrinus
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    gambrinus Well-Known Member

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    I'll save you a few hours of misery and banging your head on your desk.. you can owe me a beer...

    Don't spend another second of your time on this. As long as the dog remains in the house, you'll hear "NO"

    KEY words "RENTERS INSURANCE" How much revenue does this client generate???

    What is YOUR time worth?

    IF this was a 5-Star "top ten in the agency" type of client... with a TON of work you MIGHT be able to place this with a E&S carrier but...

    When / IF Surplus carrier returns a quote, it'll be a STAGGERING amount. I went through this a few years ago... NOT worth your time.
     
  3. indienoise
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    indienoise Well-Known Member

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    Does he just need contents coverage? There is at least one product out there I am aware of that is a basic form, contents only policy. No liability. Not worth your time for one client though.
     
  4. wiagent
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    wiagent Member

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    I finally got the surplus lines quotes back on this. Since the claim is still open they had to send me separate gl and property quotes. Property for 30k came back at 437/yr. and liability came back at $413 for 100k. A little different from the 100/yr they were paying before.
     
  5. VolAgent
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    VolAgent Well-Known Member

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    That sounds like a lot of work to maybe make 80 year, if they will take it.

    I say this with absolute sincerity, did you have nothing better to do? Is the person a great client with plenty of other business, a referral source or some how otherwise connected?

    Did you pre-qualify the person first to see if they would pay a substantially higher premium?
     
  6. marindependent
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    marindependent Well-Known Member

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    Do they still own the dog?

    Try a policy that excludes coverage for the dog.
     
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