Virginia To Require $300K Bond For Dangerous Animals

[Admin]

Virginia is proposing a $300K be required of owners of dangerous animals (ie pitt bulls). They are creating the requirement in hopes that it will help victims of attacks and also limit the number of dangerous animal owners to lower the volume of attacks.

As a bond producer I can say, the owners of these animals are going to be fighting an uphill battle trying to obtain a bond with such great risk and such a large bond penalty.

Read the full article at: Doglaw takes bite out of wallet

[nikeboy]

so you mean 300k will have to be paid by owners of dangerous animals?

[bondman]

so you mean 300k will have to be paid by owners of dangerous animals?

The bond would be there to provide a payment in the event that the owners dog caused injury etc. It would be payable by the Surety who would rely on cover from the owner. Tricky one to assess the true risk on. I would have thought that most owners would struggle to find a bondsman willing to provide a bond without cash collateralising the risk.

[mrbond]

The law requires a $300,000 bond or a $300,000 liability policy. A person would have to be an idiot to get the bond.