CLEVELAND, May 8, 2024
/PRNewswire/ -- Embrace Pet Insurance, a premier provider of
comprehensive pet insurance, revealed its key highlights from the
first quarter of 2024, showcasing the critical role of pet
insurance as veterinary costs continue to rise.
Key Highlights from Q1 2024:
- Record-Breaking Claims: Embrace covered many substantial
claims, including $37,633 for a
Golden Retriever involved in an accident and $36,098 for another Golden Retriever suffering
from upper esophageal sphincter dysfunction.
- State-Specific Costs: The highest average claim costs
were seen in Washington D.C.
($592), California ($519), and Washington ($489).
- Rising Average Costs: Across all states, the average
claim cost was $449, marking a 17.5%
increase from 2021.
- Trend Insights: A noticeable increase in specific claims
was observed, including a 248% rise in osteoarthritis claims among
Shepherd Mixes and a 31% increase in epilepsy claims for all
breeds.
- Pioneering Treatments: Embrace supported groundbreaking
medical care by covering more than $60,000 in claims for a mixed breed dog who
underwent surgery at the University of
Florida, for one of the first open-heart mitral valve
surgeries in the United States. UF
is the only U.S. center offering this advanced procedure.
"Our first-quarter highlights show how crucial pet insurance is
when it comes to affording these skyrocketing vet bills," said
Brian Macias, CEO of Embrace Pet
Insurance. "As the cost of vet care keeps climbing, supporting pet
parents is more important to us than ever. We're all in when it
comes to giving our customers the peace of mind they need, making
sure their pets get the care they deserve, without breaking the
bank."
To review Embrace's detailed report, please visit Embrace's 2024
Q1 Report.
For more information about Embrace Pet Insurance and our
services, please visit embracepetinsurance.com or call (800)
EMBRACE.
About Embrace Pet Insurance
Embrace Pet Insurance, a
top-rated pet health insurance provider for dogs and cats in
the United States, offers one
simple yet comprehensive accident and illness insurance plan. In
addition to insurance, Embrace offers Wellness Rewards, a
non-insurance, optional preventative care product that is unique to
the industry. Wellness Rewards reimburses for routine veterinary
visits, grooming, vaccinations, training, and much more, with no
itemized limitations. Embrace has received numerous accolades for
customer and employee satisfaction, including being named the top
pet insurance provider on the Forbes list of America's Best
Insurance Companies 2022 and receiving the Great Place to Work™
certification. Embrace is a proud member of the North American Pet
Health Insurance Association (NAPHIA) and continues to innovate and
improve the pet insurance experience for pet parents across the
country. Embrace Pet Insurance is a privately held organization,
backed by JAB Holding Company. For more information about
Embrace Pet Insurance, visit EmbracePetInsurance.com or call
(800) 660-3817.
Media Contacts
Amber
Batteiger
PR and Communications Manager, Embrace Pet Insurance
ABatteiger@EmbracePetInsurance.com
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SOURCE Embrace Pet Insurance