Pet insurance payouts hit 785m record

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Payouts by pet insurers thump a record PS785m in 2018, even though the number of claims submitted descended, according to the industry commerce body.

The Association of British Insurers( ABI) said this was down to the higher cost of increasingly sophisticated medical care.

The size of the average allegation jump-start by PS36, or virtually 5 %, to PS793.

The ABI said here “overwhelming majority” of pet guarantee payouts were to meet veterinary treatment legislations.

Less common demands included pet owners asking to be reimbursed for the stealing of a baby, the costs of promote to find a lost animal, as well as indebtednes for when a pet damaged asset or injured someone.