Homeowners' beloved pups may come with some unanticipated costs, like home repairs and increased homeowners insurance.Potential property damages made — like scratches on furniture or floors and necessary replacements after puppy mischief— may not be covered by standard homeowners-insurance policies. In fact, most are not covered, Scott Holeman, a spokesperson for the Insurance Information Institute, told the The Wall Street Journal.
And the costs may not end while you live in the home. A pup may impact the resale value of your home once you are looking to move. Allison Chiaramonte, also of Warburg Realty, tells CNBC Make It that "for better or worse, pets can increase wear and tear on apartments, especially on hardwood floors and furniture. This definitely decreases resale value."
But the impact of a dog on your home is more complicated than that, some real-estate experts have said.
Source: Insurance Report (insurancereport.net)
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