Most states classify companion pet animals (dogs, cats) as personal property, and only allow owners to recover the fair market value (what a willing buyer would pay for the animal) or the replacement cost (the cost of replacing the pet with an animal of the same age, breed, and condition) for the injury or death of the pet (a rare, prize winning, pedigreed dog may have greater economic value). But some states allow pet owners to recover greater damages when the injury or death of the pet is intentional or malicious.
