Pet Insurance hit a record £657 in claims last year, equivalent to £1.8m every day. The number of claims at 911,000 was up 9% compared to the previous year while the total cost was also up 9%.
An average claim was for £721 in 2015 with the average premium at £241, according to the figures from the Association of British Insurers (ABI). Dogs had the biggest share of claims, with 686,000 made costing £501m, while cats were behind 193,000 claims, worth £105m. However most per owners remained uninsured.
Mark Shepherd, general insurance manager at the ABI, said: “The record levels of claims handled by pet insurers highlights that owning a pet can be costly as well as rewarding.”