The homeowners and contents policy provider will be expanding into an all new market. Lemonade pet insurance is about to become the next offering from the industry disrupting homeowners and contents insurer. The company has managed to raise $480 million and is now set to cover cats and dogs. It is not yet clear when the Lemonade pet insurance policies will start selling. So far, the insurer has announced its intentions to step into that category. It is also making its way through the regulatory process of selling coverage for…
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Nationwide Insurance prepares to name the Hambone Award 2019 winner
The insurer holds this event every year and has asked the public to vote on the weirdest pet related claim. Nationwide is holding its Hambone Award 2019 event and has asked the public to vote on the top strange pet insurance claim of the year. The insurer’s award is an annual event that honours the pet with the weirdest insurance claim. The Hambone Award 2019 already has its finalists, but the winner has yet to be named. The award started in 2009. It was named after the first winner, which…
Read MoreDog groomer insurance helps your pet salon avoid risks unique to your business
Whether you groom from home, have a dedicated salon or have a mobile unit, you need coverage. Many business owners don’t realize that there are specific policies available to provide dog groomer insurance coverage. All too often, they purchase a general commercial policy which doesn’t offer the type of specific coverage unique to this kind of business. The type of policy you’ll need depends on the nature of the services you provide your customers. It’s important to recognize that there isn’t a standard dog groomer insurance policy, so it’s up…
Read MoreGeneration X buys more pet insurance policies than any other generation
Most people who purchase veterinary health plans for their furry family members have age in common. The average age of people who have purchased pet insurance policies is 43 years old. Moreover, those with coverage for their dogs and cats often have other features in common, too. Most people who have this coverage receive it through their employers and are married. The stats were presented by EverythingBenefits, following an analysis of demographic data regarding workers using the pet insurance policies offered as a part of the benefits provided by their…
Read MoreBritish pet insurance payouts reach record £785 million level
Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of claims filed by policyholders actually fell, said the Association of British Insurers (A.B.I.). The industry trade body pointed to a rising cost of complex veterinary care to explain the payment size. The A.B.I. underscored the increasing cost associated with sophisticated medical care to…
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