MIAMI, May 14, 2024
/PRNewswire/ -- In the dynamic landscape of pet insurance, Spot Pet
Insurance remains dedicated to safeguarding the health and
well-being of our furry companions. As we delve into the insights
of the first quarter of 2024, we witness the trends, challenges,
and commitments that define our journey in providing comprehensive
coverage for pets across the nation.
Spot Pet Insurance has had a remarkable start to 2024, standing
out in the competitive pet insurance market and earning the trust
of pet parents across the nation. As the pet insurance industry
continues to grow, Spot remains committed to adapting to emerging
trends and providing top-notch coverage.
Most Common Claims in 2024 Q1: Gastrointestinal/Stomach
Condition (~13% of reimbursements went toward this)
Average Claim Cost in 2024 Q1: $418.33
Most Expensive Illness Claim of 2024 Q1: $23,869.44
for Growth/Lump, Lameness, Other Medical Disorder, Respiratory
Condition, Urinary/Genital/Reproductive
Least & Most Expensive Breeds to Insure in 2024
Q1:
When it comes to insuring our furry friends, the cost can vary
greatly depending on factors such as breed, age, and health
history. Some breeds could have higher insurance premiums due to
them being genetically susceptible to certain health conditions or
their size. Based on internal data from the Spot Pet team, here are
10 of the least and most expensive breeds to cover.
Least Expensive Dog Breeds to Insure in 2024
Q1:
- Chihuahua
- Malti-poo
- Maltese
- Cavapoo
- Shiba Inu
- Cockapoo
- Yorkie-poo
- English Springer Spaniel
- Yorkshire Terrier
- Morkie
Least Expensive Cat Breeds to Insure in 2024
Q1:
- Russian Blue
- Siamese
- Cornish Rex
- Turkish Angora
- Snowshoe
- Devon Rex
- Seychellois Cat
- Havana Brown
- Burmese
- Abyssinian
Most Expensive Dog Breeds to Insure in 2024 Q1:
- Cane Corso
- French Bulldog
- Rottweiler
- Bernedoodle
- Great Dane
- Irish Wolfhound
- Dogo Argentino
- Mastiff
- Doberman Pinscher
- Italian Setter
Most Expensive Cat Breeds to Insure in 2024 Q1:
- Maine Coon
- Chinchilla
- Sphynx
- Savannah
- British Shorthair
- Persian
- Bengal
- Siberian
- Balinese
- Himalayan
While the cost of insuring a dog or cat can vary depending
on several factors, including breed, it's essential to prioritize
your pet's health and well-being. By having pet insurance, you can
help provide your furry companion with access to the medical care
they need. Remember to research different insurance options and
consult with your veterinarian to help choose the best coverage for
your beloved pet.
Average Cost for Common Chronic Treatments:
- The average costs for common chronic conditions in Q1 2024 were
as follows:
-
- Special diets, foods, or supplements: $421
- X-rays: $819
- Blood tests: $807
- Microchip implantation: $479
- Fecal tests: $345
- Ear cleaning: $403
- Prescription medications: $442
- Anesthesia: $1,155
Claims Processing: Efficiency and Trust: With a
focus on efficiency and care, Spot maintains an impressive
turnaround time of 2 days or less for accident and illness claims,
showcasing a 52% improvement compared to Q1 2023.
Industry Comparison: Trust and Satisfaction: Spot Pet
Insurance upholds a Trustscore of 4.7, supported by over 4,890
TrustPilot reviews, reaffirming our commitment to excellence and
customer satisfaction within the pet insurance landscape.
Spot Pet Insurance is dedicated to providing reliable coverage,
efficient claims processing, and unwavering support for pet owners
and their beloved companions. Through transparency, innovation, and
a commitment to excellence, we continue to set the standard for pet
insurance in 2024 and beyond.
Sources:
- 2024 PTZ Insurance Agency Ltd. claims data.
- Consumer Price Index News Release, U.S. Bureau of Labor
Statistics, https://www.bls.gov/news.release/cpi.htm, Mar. 2024.
Independent and paid ad from Spot Pet Insurance.
Waiting periods, annual deductible, co-insurance, benefit limits
and exclusions may apply. For all terms visit
spotpetins.com/sample-policy. Products, schedules, discounts, and
rates may vary and are subject to change. More information
available at checkout.
Insurance plans are underwritten by either Independence American
Insurance Company (NAIC #26581. A Delaware insurance company located at 11333 N.
Scottsdale Rd, Ste. 160, Scottsdale,
AZ 85254) or United States
Fire Insurance Company (NAIC #21113. Morristown, NJ), and are produced by Spot Pet
Insurance Services, LLC. (NPN # 19246385. 990 Biscayne Blvd Suite
603, Miami, FL 33132. CA License
#6000188).
Contact
Cassidy Laudano
cassidy@spotpet.com
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SOURCE Spot Pet Insurance