More people are using pet insurance to cover their vet bills, increasingly popular particularly as more employers offer it as a voluntary benefit, according to Healthy Paws Pet Insurance's 2018 statistics.
The Seattle-based carrier's total enrollments rose by 20% last year, with Golden Retrievers being the most popular dog breed to be insured and Ragdoll cats the most popular kitty. Claims surged in 2018, increasing 31% to $173 million from a year earlier, with claims for cruciate ligament injuries spiking by 77%. Fortunately, there was a 7% drop in claims for mast cell carcinoma, the biggest decrease per claim type last year.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now