|
UK pet insurers pay out £1.65m a day in claims
Pet insurers paid out £602m in claims in the UK in 2014 – the equivalent of £1.65m a day and an increase of nearly 15% on the previous year.
Latest figures from the Association of British Insurers (ABI), released this week, show the average cost of a claim has risen 7% to £679, while for dogs it is even higher at £683. The number of UK animals covered by pet insurance policies has now passed 3.5 million but the proportion without insurance remains much higher, the ABI said. Out of an estimated dog population of 9 million, approximately 2.4 million are covered by pet insurance – leaving nearly 75% of dog owners without it. For cats, only 15% benefit from pet insurance – around 1.2 million out of an estimated population of 7.9 million.
Picture courtesy of BVA.
|
